Opta Minerals Inc, which is majority owned by Canadian organic food processor SunOpta Inc , bought Babco Industrial Corp for $17.6 million in cash. Regina, Saskatchewan-based Babco's facility is located close to Opta's key vendors and customers.Babco is an industrial processor and supplier of petroleum coke.Opta, which sources industrial minerals for steel, water filtration, construction and other purposes, said it is also obligated to pay an additional $1.3 million in cash on certain conditions.The acquisition is expected to immediately add to both Opta and SunOpta's earnings.
Opta Minerals Inc. is a provider of custom process optimization solutions and related materials for use primarily in the steel, foundry, loose abrasive, and municipal water filtration industries. Shares of OPM remained unchanged at $2.13. In the past year, the shares have traded as low as $1.70 and as high as $2.50. On average, 927 shares of OPM.TO exchange hands on a given day and today's volume is recorded at 0.
SunOpta Inc. (SunOpta) is focused on a healthy products portfolio. Shares of SOY remained unchanged at $5.18. In the past year, the shares have traded as low as $4.21 and as high as $8.39. On average, 15387 shares of SOY.TO exchange hands on a given day and today's volume is recorded at 0.
SunOpta Inc. (SunOpta) is focused on a healthy products portfolio. Shares of STKL remained unchanged at $5.22. In the past year, the shares have traded as low as $4.13 and as high as $8.58. On average, 211473 shares of STKL exchange hands on a given day and today's volume is recorded at 0.
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