Refresco Completes Acquisition of SunOpta, STKL Shares to be Delisted

Refresco has officially finalized its acquisition of SunOpta Inc. for US$6.50 per common share in cash, aiming to bolster its presence in high-growth beverage categories like plant-based drinks and tea. Following the completion of the deal, SunOpta has become a wholly owned subsidiary of Refresco, leading to the immediate delisting of its shares (STKL) from both the Nasdaq and the Toronto Stock Exchange. The transaction received all necessary regulatory clearances, including final approval from the Ontario Superior Court of Justice and clearance under Canada's Competition Act. This acquisition provides a fixed cash exit for SunOpta shareholders while allowing Refresco to integrate specialized production capabilities. The move aligns with Refresco's broader strategy to expand its global beverage footprint. Market analysts view this as a significant consolidation within the consumer goods sector, effectively removing STKL from public trading.