July 5/Toronto/GlobeNewswire -- SunOpta Inc. announced the completion of the final step in the divestiture of its Mexican frozen fruit assets with the sale of land and buildings in Irapuato, Mexico, to parties related to Fruvemex Mexicali, S.A. de C.V. These assets were previously leased to Fruvemex as part of an earlier transaction whereby Fruvemex purchased frozen fruit operations and processing assets located in Rosarito and Irapuato, Mexico.

The selling price for the land and buildings was $2.5 million. An initial installment of $250,000 was received on the closing of the transaction, and the balance will be paid via a series of monthly installments over the next year, including a balloon payment on the first anniversary of the closing of this transaction.