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 …
Agropur
Lactalis Canada, a subsidiary of French dairy giant Lactalis, has announced the acquisition of yoghurt and fresh dairy firm Ultima Foods from Agropur Group. According to the company, the transaction includes all shares in Ultima Foods, and the Iogo, Iogo Nano, and Olympic brands as well as yoghurt production facilities in several locations. With the acquisition, Lactalis Canada will add 450 employees to its workforce of 3,500 employees operating in …
Agropur, Canada’s largest dairy group, has continued its spate of M&A activity by agreeing to buy American dairy company Davisco International, Food Business News reports. The terms of the acquisition, although not fully disclosed, include Davisco three cheese processing factories in Le Sueur, Minn. Jerome, Idaho, and Lake Norden, S.D., and also an ingredients plant in Nicollet, Minn, the company said. Agropur President Serge Riendeau said “With over $1 billion …
After an agreement between the two boards of directors, Agropur Cooperative and Dairytown Products Ltd (a regional, butter, skim milk powder and milk power blends processor) are set to become one company. According to Agropur, the company, which was founded in 1938, has sales of more than $3.8 billion, and 6,300 employees. It processes more than 3.3 billion litres of milk per year in its 31 plants across North America. …
Cheese and dairy manufacturer Fromagerie Damafro and M Larivee International, an international trading house specializing in dairy products and food ingredients, are the latest acquisitions of Agropur group. Terms of the sales are not available. Damafro is a small family owned company of cheese and fresh dairy produce and employs 195 staff. The company produces fresh milk, cheeses and Greek yoghurt. Since 2005 Damafro has been a leading processor of …
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