Brief: SunOpta Announces Investment In Roasted Snacks Capabilities

SunOpta

06/12/2017 12:30

Dec 6 (Reuters) - SunOpta Inc  SOY.TO : 
    * SUNOPTA INC. ANNOUNCES INVESTMENT IN ROASTED SNACKS 
CAPABILITIES 
    * SUNOPTA INC - IS MAKING "SIGNIFICANT" INVESTMENT IN ITS 
ROASTED 
SNACKS OPERATIONS AT ITS FACILITY IN CROOKSTON, MN 
    * SUNOPTA - IN CONJUNCTION WITH INVESTMENT, CUSTOMERS AND 
CAPABILITIES FROM WAHPETON, ND ROASTING FACILITY WILL BE 
CONSOLIDATED INTO CROOKSTON LOCATION 
    * SUNOPTA INC - IN CONJUNCTION WITH INVESTMENT, OPERATIONS 
AT 
WAHPETON LOCATION ARE ANTICIPATED TO CEASE DURING SECOND FISCAL 
QUARTER OF 2018 
    * SUNOPTA - EXPECTS TO INCUR EXPENSES RELATING TO WAHPETON 
FACILITY CLOSURE OF APPROXIMATELY $2.0 MILLION TO $2.5 MILLION 
RELATED TO ASSET IMPAIRMENT CHARGES 
    * SUNOPTA - CHARGES RELATING TO WAHPETON FACILITY CLOSURE 
ARE 
EXPECTED TO BE RECOGNIZED DURING Q4 OF FISCAL 2017 
 
Source text for Eikon:  ID:nBw5fdQXga  
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