KELOWNA, BC, Sept. 25, 2012 /CNW/ - Sun-Rype Products Ltd. is pleased to
announce the ratification of a new Collective Agreement with the
Teamsters Union, Local 213, following a vote held Sunday, August 19,
2012, but which remained subject to certain conditions satisfied
earlier today. This new agreement, which supersedes the current
collective agreement, expires August 31, 2020.
"We are extremely pleased to have a long-term deal in place prior to
expiration of the current agreement," stated Mr. McAnerney. "This
agreement provides labour stability at our Kelowna facility, which
plays a key role in Sun-Rype's long-term growth strategy."
Sun-Rype Products Ltd., based in Kelowna, BC, is a manufacturer and
marketer of fruit-based juices and snacks. Sun-Rype is a publicly
traded Canadian company with its common shares listed on the Toronto
Stock Exchange under the symbol SRF.
Forward Looking Statements
Statements contained in this press release, which are not based on
historical fact, including without limitation, statements containing
the words "may", "will", "plans", "intends", "expects", "anticipates",
"believes", "estimate", "continue" and similar expressions, constitute
"forward looking information" within the meaning of applicable Canadian
securities laws. Forward looking statements contained in this document
may involve, but are not limited to, statements relating to the
Company's objectives, priorities, strategies, actions, targets,
expectations and outlook. Forward looking statements are necessarily
based upon assumptions and predictions with respect to the future,
including but not limited to the factors referred to below. As a
result, forward looking statements are subject to known and unknown
risks, uncertainties and other factors that may cause the actual
results, events or developments to be materially different from any
future results, events or developments expressed or implied thereby.
These risks, uncertainties and other factors include, but are not
limited to, changes in the consumer packaged goods industry and
external market factors, as well as the factors referred to in the
Company's Annual Information Form dated March 7, 2012, and its other
filings with the applicable Canadian securities regulatory
authorities. In light of these uncertainties, assumptions and risks,
readers are cautioned not to place undue reliance on such forward
looking statements. Except as required by law, the Company assumes no
obligation to update or revise such information to reflect later events
SOURCE: Sun-Rype Products Ltd.
For further information:
President & Chief Executive Officer
Sun-Rype Products Ltd.
1165 Ethel Street, Kelowna, BC V1Y 2W4
Tel: (250) 860-7973
Fax: (250) 762-3611