Refresco Acquires SunOpta for $1.29 Billion

Refresco entered a merger agreement on February 6, 2026, to acquire SunOpta Inc. (STKL) in an all-cash deal valued at $1.29 billion.

Deal Structure:

Refresco has agreed to acquire SunOpta for $6.50 per share in cash, representing a premium of 34.58% from the stock’s last close.

Company Profile:

SunOpta is a North American food and beverage manufacturer providing plant-based and fruit-based products and customized supply-chain solutions to leading brands, retailers, and foodservice customers. It specializes in plant-based beverages, broths, snacks, and frozen fruit products distributed across retail, club, foodservice, and e-commerce channels.

Refresco is a beverage solutions provider that manufactures and packages a wide range of non-alcoholic drinks across North America, Europe, and Australia.

Deal Details and Timeline:

The deal is expected to close in the second quarter of 2026.

SunOpta retained Lazard and Scotiabank as financial advisors, with legal counsel provided by Faegre Drinker Biddle & Reath, Davies Ward Phillips & Vineberg, and Wildeboer Dellelce. Refresco, meanwhile, was advised by Morgan Stanley on financial matters and received legal counsel from Simpson Thacher & Bartlett and Bennett Jones.

Refresco’s acquisition of SunOpta represents a multiple of 11.02 times EBITDA.

Deal Metrics:

For in-depth details concerning this M&A transaction, please visit the Deal Metrics page here:

Deal Metrics of SunOpta Inc. (STKL) Acquisition by Refresco

The Deal Metrics page for each merger or acquisition includes:

• A comprehensive spread history chart of the merger from announcement to completion or failure.
• Key events as the merger progresses, such as the expiration of the HSR period, regulatory approvals, shareholder votes, etc.
• News and SEC filings related to the merger.
• A history of deal updates.
• And much more.

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Editor’s Note: Baranjot Kaur contributed to this article