SunOpta Acquires Edner To Leverage Healthy Convenience Foods Opportunities

SunOpta Fruit Group Inc., a subsidiary of SunOpta Inc., which sources, processes, and packages natural and organic food products, including value-added grains, fiber and fruit-based items, agreed to acquire Edner of Nevada, Inc. for $4 million in cash. Founded in 2003, Edner manufactures on-the-go foods, such as nutrition bars and fruit-based snack bars. It also co-packs for branded and private label customers and has annual revenues of some $10 million. SunOpta sees benefits in the combination of its healthy fruit snacks business, as well as its global sourcing capabilities, and Edner's strengths in the fast-growing convenience health foods category.