Agropur And Dairytown Products Set To Merge


News: Canadian agricultural co-operative Agropur has agreed to merge its operations with dairy products supplier Dairytown Products. The deal is subject to final approval and authorisations from the competition bureau and other regulators and is likely to be concluded in the coming weeks, after which beneficiaries will vote on the transaction. The agreement is in line with the company's strategy to keep dairy processing assets in the hands of producers wherever possible, according to Agropur Cooperative president Serge Riendeau. 'This will allow the producers of both organisations to benefit from the advantages of being part of a large national cooperative and to better serve customers across the country,' said Dairytown Products chairman Jim Walker (Food Business Review). 'It will also increase our critical mass in the region and help secure our long-term presence in Atlantic Canada,' Riendeau added.

This article is tagged to:
Sector: Food & Drink, Agribusiness
Geography: Canada