SunOpta divests Mexican frozen fruit assets

SunOpta said it has received an initial payment of C$750,000 on closing the transaction, with the remainder to be paid over the coming year. The company also entered a strategic raw material supply agreement with Fruvemex, and a market value lease for Fruvemex's use of the land and buildings in Irapuato which remain the property of SunOpta. President and CEO of SunOpta Steve Bromley said: “This divestiture is the latest step in our strategy to improve the profitability of our frozen fruit operations and continue to simplify our business model with a focus on our core areas of expertise, plus expand strategic relationships to secure long-term supply. We believe that Fruvemex will be an excellent long term partner and provide SunOpta with cost competitive fruit products.”

SunOpta divests Mexican frozen fruit assets

Canadian natural and organics group SunOpta has sold its frozen fruit processing assets in Rosarito and Irapuato, Mexico to Fruvemex Mexicali for C$3.15m, the company has said.

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