Faegre Drinker Advises SunOpta, Inc. In Sale Transaction

A Faegre Drinker team led by corporate partner Jonathan Nygren advised SunOpta, Inc. in its acquisition by Refresco.

SunOpta, a Minnesota-based food and beverage supply chain solutions provider, will be acquired by Refresco in an all-cash deal valuing the U.S.-listed company at $6.50 per share. Refresco is a beverage provider based in the Netherlands. The transaction, approved unanimously by both companies' boards, will be completed through a court-approved plan of arrangement under Canada's Business Corporations Act and is expected to close in the second quarter of 2026, subject to customary regulatory, court and shareholder approvals.

The team led by Nygren included corporate partners Mike Stanchfield, Richard Bennett, Christine Long, Sean FitzGerald, Matt Levy and associates Amanda Pasquini, Mark Kaske, Virginia Speck, Erik Breitenback, Gabriel Richardson, Jenn Lucas, and senior paralegal Amra Hoso; food regulatory partner Rachel Spiegel and associate Zac Maciejewski; benefits and executive compensation partners Page Fleeger and Mark Rosenfeld; labor and employment partner Dan Prokott and associate Megan Grant; intellectual property partners Rob Leonard and Joe Decker; business litigation partner Joanne Lewers and counsel Jonathan Todt; government and regulatory partner Thomas Duncan; and real estate legal clerk Eric Cole.

See The Star Tribune’s coverage of the deal and SunOpta’s press release for more details.