date:May 31, 2012
Under the terms of the agreement, Banyan will pay cash of C$14m ($13.59) and provide a C$700,000 ($679,823) note. The existing Purity Life Natural Health Products president Matthew James will lead the business under the new ownership.
SunOpta president and chief executive Steve Bromley said that the transaction completes the company's exit from the distribution business and simplifies and enables the company to focus on strengthening its balance sheet and position itself for future growth oppor