Sustainable food company SunOpta Inc. said Thursday it has acquired health and wellness distribution firm Purity Life Health Products.
The deal included all assets of Acton, Ont.-based Purity and related companies, which are expected to generate sales of $50 million this year. Additional terms of the deal were not disclosed.
“The Purity operations will form a key component of SunOpta’s rapidly growing natural, organic and specialty foods distribution business in Canada,” the company said, adding that it is already distributing some of Purity’s products in Western Canada.
Purity distributes a wide range of nutraceuticals, vitamins, supplements and health and beauty aids. The company maintains warehousing and distribution operations as well as a packaging facility.
Products are sold under the Nature’s Harmony, Vivitas and RxBalance brand names.
The company employs 155 people, including a national sales force, and is Canada’s largest independent supplier of natural health care products to all channels of distribution, including health professionals, publicly traded SunOpta said in a statement.
The acquisition is projected to be immediately accretive to SunOpta’s earnings.