SunOpta Inc. announced on October 9, 2024, a significant expansion of its Dream Oatmilk Barista product, which will be available in an additional 6,700 stores across North America starting January 2025. This expansion is a result of a new partnership with a large coffee chain, marking a substantial increase in the product's distribution.
The increased distribution is expected to substantially utilize the oat extraction capacity from SunOpta’s Modesto, California investment. It will also expand the utilization of its manufacturing facility in Midlothian, Texas, demonstrating efficient use of the company's existing asset base.
This strategic partnership underscores SunOpta's role as a key supplier in the growing plant-based beverage market. The expansion is anticipated to contribute to future volume growth and strengthen the company's market position in the plant-based milk category.
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