News Release in accordance with Canadian National Instrument 62-103
Refresco Holding B.V. acquired 100% of the outstanding common shares of SunOpta Inc. for US$6.50 per share in cash. The transaction, a plan of arrangement under the Canada Business Corporations Act, totals approximately US$811.55 million. Refresco now owns all issued and outstanding Common Shares of SunOpta, having held none prior to the arrangement.
Refresco Completes Acquisition of SunOpta, a North American Supply Chain Solutions Provider
Refresco has completed its acquisition of SunOpta, making SunOpta a wholly owned subsidiary. As a result, SunOpta shares will be delisted from Nasdaq and the Toronto Stock Exchange. The deal strengthens Refresco’s North American platform and expands capabilities in plant-based beverages and aseptic manufacturing.
SunOpta Completes Arrangement With Refresco
SunOpta announced the successful completion of its acquisition by an affiliate of Refresco Holding B.V. for US$6.50 per share in cash. Following the transaction, SunOpta shares will be delisted from the Nasdaq and TSX, and the company will cease to be a reporting issuer. The arrangement, which was overwhelmingly approved by shareholders in April, received a final order from the Ontario Superior Court of Justice on April 22, 2026.
SunOpta Marks Another Year of Progress with 2025 Sustainability Report
SunOpta released its 2025 Sustainability Report, detailing progress across four key areas: planet, product, people and governance. Operational highlights include generating 275,503 kWh of solar energy at headquarters and saving 48.4 billion gallons of water through plant-based production compared to dairy. The company noted $30.8 million in revenue from non-GMO-labeled products and maintained zero-waste-to-landfill status at six manufacturing sites.
SunOpta Announces Receipt of Final Court Approval and Competition Act Clearance Related to Proposed Acquisition by Refresco
SunOpta received final approval from the Ontario Superior Court of Justice and a no-action letter under the Competition Act for its acquisition by Refresco. The transaction is valued at US$6.50 per share in cash, satisfying key conditions related to Canadian competition clearance. The closing of the arrangement remains subject to remaining regulatory approvals and the satisfaction of customary closing conditions.
