Tuesday, May 22, 2018
 ADPI Member Agropur Joins Merger With Farmers Co-operative Dairy Ltd.  

The previously announced merger between Canada-based dairy co-operatives Farmers Co-operative Dairy Ltd. and Agropur, a massive co-operative with annual sales of $3.6 billion, has been finalized.

“The new Agropur co-operative allows us to continue to produce and process our milk locally while benefiting from the advantages of being part of a larger national co-operative,” said Jeannie van Dyk, Farmers chairwoman and a Noel Shore dairy farmer.

Agropur of Montreal, known for products such as Sealtest milk, Oka artisanal cheeses and Iogo yogurt, now has a presence in markets from coast-to-coast.

The new co-operative has 3,404 dairy producer owners and 6,000 employees that process more than 3.3 billion liters of milk a year in its 28 plants across Canada and the United States.

“It’s a real pooling of all strength and activities, so it’s been quite a process and a learning experience, but a very positive one,” Agropur spokesman Marc Labelle said in a telephone interview.

The merger made good business sense for both parties, Labelle said. “The way we do business is the same, our mission is the same, our vision is the same, and the way we perceive the milk processing industry in Canada is the same, so it’s a very natural move that we just did and both sides are really happy about it.”

The Farmers brand, which is owned by 116 member dairy producers and processes as much as 122 million liters of milk a year, will remain. “The knowledge and the experience at Farmers is quite remarkable,” Labelle said. “It’s a company that was there for 90 years, and so we just want that heritage to live on, and it will.”

As part of the deal, $10 million will be spent over five years modernizing the company’s three processing plants.

Source:  The Chronicle-Herald (Halifax, Nova Scotia)
 


Posted on Thursday, April 25, 2013 (Archive on Thursday, May 02, 2013)
Posted by bsutton@adpi.org  Contributed by bsutton@adpi.org
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