The new investment will help support the company’s aim to manufacture the highest-quality food products to ensure safety for its customers
Canada based food MNC SunOpta has decided to invest in its roasted snacks operations at its manufacturing facility in Crookston, Minnesota, US.
In addition to the significant investment, the company also intends to consolidate the customers and capabilities from its Wahpeton, North Dakota roasting unit into the Crookston production site.
Operations at the Wahpeton location are expected to stop during the second fiscal quarter of next year.
The new investment will help support the company’s aim to manufacture the highest-quality food products to ensure safety for its customers.
Dave Colo, SunOpta chief executive officer said, “The investment in our roasted snacking capabilities reflects our continued efforts to optimise our portfolio and focus on product lines where the company is effectively positioned to generate long-term profitable returns.”
“The investment in the Crookston facility will expand our capabilities and allow us to capitalise on the strong underlying consumer trends in healthy snacking and further advance our quality and food safety initiatives.”
In the process of closing down its Wahpeton facility, SunOpta expects to incur expenses approximately between $2m and $2.5m related to asset impairment charges and severance costs of which less than $1m is expected to be cash.
In September, the company also confirmed its intention to exit from its nutrition bar product lines and operations in Carson City, Nevada.
