Brief: Sunopta to close juice processing, packaging facility in San Bernardino, CA

SunOpta

09/11/2016 12:30

Nov 9 (Reuters) - Sunopta Inc  SOY.TO : 
    * Sunopta Inc says  continues to believe it has ability to 
achieve its mid-term targets, in time frame provided, as 
furnished in April 2016 
    * Sunopta -in order to support efforts to meet or exceed 
mid-term targets, co, together with Oaktree, continued to make 
progress on its value creation plan 
    * Sunopta Inc says  has announced intention to close its 
juice processing and packaging facility in San Bernardino, CA 
    * Sunopta Inc says  continues to review its product 
offerings and is focused on simplifying portfolio 
    * Sunopta -will invest in areas where it has a structural 
advantage and will assess impact of exiting product lines where 
Sunopta is not effectively positioned 
    * Sunopta Inc says  plans to engage third party support in 
manufacturing, procurement and logistics to enhance quality and 
capture savings 
    * Sunopta Inc says  sales efforts will be reorganized by 
channel, rather than geography 
    * Sunopta -revenue negatively impacted by about $5.0 million 
in Q3 due to recall of certain sunflower products and fire at 
third party contract manufacturing facility 
    * Sunopta announces third quarter fiscal 2016 financial 
results 
    * Q3 adjusted earnings per share $0.07 
    * Q3 loss per share $0.04 from continuing operations 
    * Q3 revenue $348.7 million versus i/b/e/s view $360.5 
million 
    * Q3 earnings per share view $0.06 -- Thomson Reuters 
I/B/E/S 
 
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