SunOpta Inc. (TSX:SOY) will look for acquisitions. SunOpta has completed the sale of the company's global ingredients segment and related assets to Amsterdam-based global commodity trading company Amsterdam Commodities NV for cash and debt-free consideration of EUR 330 million. The transaction closed on December 30, 2020. "I'm pleased to announce the completion of this strategically transformational divestiture. This transaction further solidifies SunOpta's future direction as a high-growth, plant-based company focused on providing value-added products in competitively advantaged categories with consistent, sustainable, above average growth characteristics. This transaction significantly de-levers and strengthens SunOpta's balance sheet, enabling the acceleration of expansion plans in our fast-growing plant-based food and beverage segment. The plans include both high-return capital investment projects, as well as synergistic acquisitions that add to an existing set of strong capabilities in our core plant-based beverage platform. This is a very exciting time for us at SunOpta as we look forward to building on our successes," said Joe Ennen, Chief Executive Officer of SunOpta.