SunOpta Inc., a leading global company focused on organic and healthy foods announced it has signed a definitive agreement to acquire Citrusource, LLC. The acquisition transaction closed contemporaneously with the execution of the definitive agreement.

Citrusource operates as a national sourcing and supply operation utilizing a number of processing and packaging partners to serve a variety of well-known retailer customer. It is a supplier of premium not-from-concentrate private label organic and conventional orange juice and citrus products in the United States with revenues of approximately USD 30 million,

The deal was completed for USD 13.3 million, with additional future payments based on specific performance targets that are subject to certain post-closing adjustments. The acquisition was funded from available credit facilities and is expected to be immediately accretive.