March 28, 2005
Acquisitions, Food Group Sales Boost SunOpta
Canadian natural andorganic products company SunOpta Inc. (CA:SOY) reported huge revenue gains forits fiscal 2004, due to a 57-percent jump in food operations sales andsubstantial contribution from 2003 and 2004 acquisitions. Overall revenues rose54 percent to $306.3 million from $199.1 million sold the previous year.Thecompany expects revenue gains to continue in fiscal 2005 to the tune of $385million. Specific sales gains were attributed to the fiber sales in the foodintegration group, as well as private label contracts and internal growth by itsCanadian food distribution and OptaMineral groups.
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