Canadian firm SunOpta last week signed an agreement with MicroSoy
of Jefferson, Iowa to market its toasted soy flake ingredients in
the North American market.
Mergers and acquisitions in the food industry continue this week
with acquisitive Canadian company Stake technology taking over US
ingredients company Opta Food Ingredients at the price of €28m. The
move marks a bid by Stake to build...
US company Opta Food Ingredients, a developer and manufacturer of
food ingredients, this week reported revenue growth to $7.4 million
(€7.2m) for the second quarter ended 30 June 2002, compared with
$7.0 million for the second quarter...
Opta Food Ingredients has reported a loss in the fourth quarter
ended 31 December 2001 of €360,748. Revenue for the quarter was
$5.9 million (€6.73m) compared with $6.0 million for the comparable
2000 quarter.
Opta Food Ingredients today announced a restructuring program that
is designed to reduce the company's overall cost structure by
approximately $1 million annually.
