This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

SunOpta Announces Further Expansion Of Value-Added Aseptic Processing And Packaging Capabilities

Stock quotes in this article: STKL

TORONTO, March 18, 2013 (GLOBE NEWSWIRE) -- SunOpta Inc. ("SunOpta" or the "Company") (Nasdaq:STKL) (TSX:SOY), a leading global company focused on natural and organic foods, today provided an update on the the expansion of processing and packaging capabilities at the Grains and Foods Group's aseptic processing and packaging operations in Modesto, California and Alexandria, Minnesota.

Recently the Company completed an expansion at the Modesto, CA operation with the installation and commissioning of a second processor, increasing processing capacity at the facility by approximately 50% in order to meet increased customer demand, while also improving operating flexibility and efficiencies.

The Company will also be adding further aseptic packaging capacities at both the Modesto and Alexandria, MN aseptic processing and packaging operations with the installation of an additional multi-serve filler (liter/quart) at each operation, as well as a single serve (200/250ml) filler at the Modesto operation. Each of the new fillers are expected to be in production during the third quarter of 2013.

Steve Bromley, Chief Executive Officer, SunOpta Inc. commented, "Continued expansion of our value-added aseptic processing and packaging capabilities remains a key strategic objective designed to further leverage our integrated field to table capabilities. This is consistent with our strategy to aggressively grow our value-added ingredients and packaged foods portfolio, and leveraging our integrated platform to become a pure play natural and organic foods company."

The addition of further processing and packaging capabilities is in response to continued growth in the non-dairy and alternative beverage categories that the Company currently serves. The new fillers will provide unique capabilities and are expected to provide opportunities to bring new and innovative products in a new aseptic package format to the market, further enhancing the profitability of these operations.

SunOpta's vertically integrated non-dairy beverage capabilities are unique and utilize operations incorporating raw material sourcing through ingredient production and finished packaged products, ensuring control of quality and organic certification, as well as  providing traceability from the farm to the retail shelf. Current production capabilities include natural and organic soymilk, rice beverage,almond beverage, hemp milk, sunflower milk, teas, and  broths among  others. Once these filler installations are completed, the Company expects to have total annual production capacity in excess of 400 million quarts of shelf-stable beverages.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,737.28 -67.43 -0.40%
S&P 500 1,934.11 -12.05 -0.62%
NASDAQ 4,389.1620 -32.9230 -0.74%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs