Sidley Represents SunOpta in US$141 Million Sale of Its Frozen Fruit Assets

Sidley represented SunOpta, Inc. (NASDAQ:STKL) (TSX:SOY) in the disposition of certain assets of its frozen fruit operations to Canadian-based frozen food manufacturer, Nature’s Touch. The transaction, valued at US$141 million, included the sale of SunOpta’s primary assets of its frozen fruit business, including its facilities in Edwardsville, Kansas and Jacona, Mexico, and a significant quantity of frozen fruit inventory. SunOpta is a U.S.-based manufacturer of natural, organic, and specialty food products, and the sale finalizes its portfolio optimization that began in 2020.

The Sidley team was led by Alexis A. Cooper (M&A and Private Equity), and includes Brian J. Fahrney, Thomas E. Johnson, David Meehan, Reed M. Kreger, and Scott A. Gregus (M&A and Private Equity); Joshua W. Thompson, Shayona Dhanak, and Jin Cho (Global Finance); James W. Lowe, Edward W. Sharon, and Jason C. Semmes (Antitrust/Competition); Lauren A. Gallagher and P.C. Wang (Employee Benefits and Executive Compensation); Maureen F. Gorsen (Environmental); Elizabeth K. McCloy and Will Otter (Real Estate); Suresh T. Advani and Mitchell Li (Tax); and Anna Remis, Paul Kariyawasam, and Natalie T. Crawford (Technology and Life Sciences Transactions).