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Sunrise Growers sold to SunOpta

Paine & Partners, LLC , a global private equity investment firm focused on investing in food and agribusiness, today announced that it has completed the sale of Sunrise Growers to SunOpta, Inc. for a total value of approximately $450 million.

Paine & Partners acquired Sunrise in March 2013 and provided strategic leadership and resources to transform the business. With Paine & Partners’ support, Sunrise completed three acquisitions and made significant growth capital investments across its platform. These initiatives have resulted in strong growth in both revenue and EBITDA and have significantly expanded and diversified Sunrise’s supply chain, customer base and its processing and distribution footprint. As a result, Sunrise has established itself as the clear leader in the private label frozen fruit category, which is one of the fastest growing food categories at retail.

For further information, see www.painepartners.com.
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