Lactalis Canada, the Canadian dairy leader, has reached a definitive agreement with Agropur to acquire the assets of its fine cheese division.
Under the terms of the agreement, Lactalis Canada will acquire Agropur’s fine cheese import activities, two production facilities in Oka and Saint-Hyacinthe, Quebec, and renowned brands including OKA, Monsieur Gustav and L’Extra. The transaction, which is subject to customary closing conditions and approval by Competition Bureau Canada, will also see approximately 400 employees added to the company’s workforce. Financial terms of the deal were not disclosed.
The acquisition adds to Lactalis Canada’s portfolio of specialty and core cheese brands, which already includes President and Galbani. Mark Taylor, president & CEO of Lactalis Canada, commented: “This acquisition reflects Lactalis Canada’s clear ambition in this country – to lead through investment in efficient capacity and capability building […]”.
Source: Lactalis
