Canada-based SunOpta Inc. signed a definitive agreement to acquire Sunrise Holdings (Delaware), Inc., Placentia, Calif., from an investor group led by affiliates of Paine & Partners LLC.
Sunrise Growers is a supplier of private label domestic and imported conventional and organic frozen fruit and complements SunOpta's existing frozen fruit and fruit ingredient businesses. Sunrise Growers generates approximately $300 million in annualized revenues, supplying a diverse base of retail and foodservice customers from its facilities in California, Kansas and Mexico.