Refresco to Acquire SunOpta for $6.50 Per Share in Cash

Nature's Touch Acquires Sunrise Growers (SunOpta) Frozen Fruit Operations

October 13, 2023

Food & Beverage

Nature's Touch has acquired certain assets of Sunrise Growers, the frozen fruit operations of SunOpta Inc., in a transaction valued at an aggregate purchase price of approximately $141 million. The deal transfers facilities in Edwardsville, Kansas and Jacona, Mexico to Nature's Touch, expanding its production capacity, product diversity and North American geographic reach.

KKR Acquires Majority Stake in Refresco

February 22, 2022

Food & Beverage

KKR has signed a definitive agreement to acquire a majority stake in Refresco Group B.V., the global independent beverage contract manufacturer headquartered in Rotterdam. Existing investors PAI Partners and British Columbia Investment Management Corporation will remain significant minority shareholders; transaction terms were not disclosed. KKR said it will support Refresco's expansion of its global footprint, sustainability initiatives and M&A strategy.

OpenText Acquires Micro Focus in $6 Billion All-Cash Deal

August 26, 2022

Software

OpenText announced it has reached an agreement on the terms of a recommended all-cash offer to acquire Micro Focus for 532 pence per share, valuing the enterprise at about $6 billion. The deal is expected to close in the first quarter of calendar 2023, subject to shareholder, court, and regulatory approvals.

Pacific Avenue Capital Partners Acquires SunOpta's Sunrich Division

October 18, 2022

Food & Beverage

Los Angeles-based private investment firm Pacific Avenue Capital Partners acquired Sunrich Products, the sunflower and roasted snacks division carved out from SunOpta. The deal transfers three Upper Midwest processing facilities, hybrid seed development activities, grower relationships and Sunrich's management team to Pacific Avenue to support focused growth in healthy human and pet snack and ingredient markets.

Turpaz (via Sunspray) Acquires 60% of Nicola-J

October 1, 2025

Consumer Products

Turpaz Industries Ltd. signed an agreement to acquire 60% of the shares of South African flavor company Nicola-J through its subsidiary Sunspray for USD 6.8 million (ZAR 118.4 million). Completion is expected in the coming months, subject to regulatory approvals in South Africa, with a mutual option for Turpaz to purchase the remaining 40% based on business performance.

Cerealto Makes Majority Investment in Fresca Foods

November 4, 2025

Food & Beverage

Spanish food manufacturer Cerealto has made a majority investment in Fresca Foods, a Colorado-based co-manufacturer of natural and organic snacks. Cerealto will hold a controlling stake while Fresca’s U.S. leadership team remains significant shareholders and continues to run day-to-day operations; the partnership establishes a substantive U.S. manufacturing presence to accelerate growth in the natural and organic snacking market.