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SunOpta completes sale of Canadian distribution assets

15-Jun-2010

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Canadian natural and organics group SunOpta has completed the sale of its Canadian food distribution business to United Natural Foods, Inc. (UNFI) for C$68m.

UNFI already distributes 60,000 food products throughout Canada.

President and CEO of UNFI Steve Spinner said: "We are very happy to have closed this acquisition as it represents the latest step in our strategy to grow our business in the Canadian market and we look forward to working closely with our new UNFI Canada associates."

SunOpta’s president and CEO Steve Bromley said: "Completing this divestiture is an important step in our strategy to focus on our core food manufacturing platform, strengthening our balance sheet and positioning the company for the future.”

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