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Quebec, Canada based dairy giant Agropur has acquired Nova Scotia-based firm Scotsburn Ice Cream for an undisclosed amount, according to a CBC report.
Agropur, which owns brands such as Natrel and Oka Cheese as well as Agropur, is said to want to increase its presence in the ice cream sector.
Scotsburn Ice Cream manufactures ice cream, frozen dessert and novelty products that are distributed across Canada. The firm offers ice cream in tub, cone and sandwich formats and supplies private label retailers and ice cream stands, as well as marketing branded ranges.
Agropur offers a line of varied dairy products ranging from milk to yoghurt, butter and ice cream. The company is considered Canada’s largest dairy producer, making C$5.9 billion ($4.43 biliion) in sales in 2015.
News of the acquisition comes shortly after an announcement from Scotsburn Ice Cream that it would be closing a plant in St John’s, Newfoundland and transferring production to sites in Truro, Nova Scotia and Lachute, Quebec.
Source: CBC
