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SunOpta secures European funding to boost EU sourcing and processing

04-Oct-2012

SunOpta secures European funding to boost EU sourcing and processing

Canadian natural and organics group SunOpta has secured funding to help it increase ingredient sourcing and processing in Europe, the company has said.

The company’s International Foods Group has agreed total funding of €48m with ING Bank N.V. and ABN Amro Bank N.V.  

"This expanded credit facility will allow the International Foods Group to continue to grow their global sourcing, supply and processing capabilities which are of strategic importance to SunOpta's integrated natural and organic foods platform," said Rob McKeracher, vice president and CFO.

"We appreciate the support from our international lenders, which reflects the strength of our relationships with our banks and the solid fundamentals of our business."