Few food companies, if any, have been as acquisitive as Canadian dairy co-operative Agropur in recent quarters. And the group's M&A activity appears to have picked up since CEO Robert Coallier joined the business in 2012. In part two of the latest just-food interview, Coallier explains the reasons behind Agropur's appetite.
Acquisitive Canadian dairy co-op Agropur this month finalised its largest deal to date - its purchase of US cheese and dairy ingredients business Davisco Foods International. In part one of a two-part interview, Dean Best speaks to Agropur CEO Robert Coallier about the company's most recent transaction.
Agropur saw sales rise by over a quarter in 2015, thanks to the impact of acquisitions and foreign exchange, although the Canadian dairy co-operative's profit performance was mixed.
Canadian dairy cooperative Agropur has announced plans to close its plant in Chilliwack, British Columbia, as part of its optimisation programme in western Canada.
Canadian dairy Agropur has announced plans to shut its plant in Saint-Bruno-de-Montarville as it reorganises its fluid milk processing.
Agropur CEO Robert Coallier has said the Canadian dairy co-operative's annual results missed the company's expectations despite record sales.
Our interviews with senior United Biscuits executives - in the year the company's owners agreed to sell the UK snack maker to Turkey's Yildiz Holding - featured highly on the list of 2014's most-clicked interviews on just-food. Interviews with the CEOs of the UK's Premier Foods and Canada's Agropur, as well as the CFOs of Arla Foods and Brazil's BRF were also popular as we continued to gain access to some of the industry's leading lights.
This week, the EU announced more measures to help out dairy farmers hit by the Russia ban. Chiquita and Fyffes insisted again a merger between the two would be the best outcome for shareholders. Our latest just-food interview saw us discuss Agropur's M&A strategy with the Canadian dairy co-op's CEO, while we chatted to Scandinavian free-from firm Fria about its expansion across Europe.
Fonterra this week made a significant move to boost its business in China, a market that has been problematic for the world's largest dairy exporter. We analysed the group's latest foray, a venture with infant formula producer Beingmate. Elsewhere, dairy dominated our coverage, with news of Parmalat closing in on an acquisition in Brazil and Emmi's surprise profit warning. Canadian dairy giant Agropur also featured on our interview pages, when CEO Robert Coallier sat down with us to discuss the co-op's recent M&A.
Acquisitive Canadian dairy co-op Agropur has pounced again, with a deal for Davisco Foods International's dairy-processing assets in the US, Europe and China.
Canadian dairy Agropur has made another acquisition, this time swooping to buy the dairy and food distribution assets of fellow co-op Northumberland Dairy Cooperative.
Canadian dairy co-op Agropur has struck deals to buy four plants from - and supply a range of products to - Sobeys, one of the country's largest retailers.
Dairy giant Agropur Cooperative and Dairytown Products have proposed a merger of the companies.
Canadian dairy co-op Agropur has reported higher annual sales and EBITDA, insisting it was able to grow in a market where competition, it said, has been "at a rarely seen level".
Canadian dairy co-op Agropur has struck another deal to buy a local firm - this time Quebec brie and camembert maker Fromagerie Damafro.
Canadian dairy group Agropur has snapped up own-label and ingredients supplier M. Larivée International.
Canadian dairy Agropur has made another acquisition with the purchase of British Columbian ice cream maker Coast Mountain Dairy.
Canadian dairy group Agropur has announced it will cut 45 jobs as it integrates the activities of Farmers Co-operative Dairy after the merger between the two companies.
Canadian dairy co-operative Agropur has acquired Nova Scotia-based Cook's Dairy for an undisclosed sum.
Canadian dairy co-op Agropur has booked what it claimed are "remarkable" annual financial results, with higher sales and core earnings.
Canadian dairy cooperatives Agropur and Farmers Co-operative Dairy plan to merge their operations.
Last week, just-food spoke with ConAgra's president of sales Doug Knudsen in the wake of the company's deal to acquire Ralcorp. Other deals this week have included the purchase of Metro Group's eastern European operations by Auchan, while Ahold outlined progress on its "six strategic pillars" strategy at its Capital Markets day in the US.
Canadian dairy co-op Agropur has announced what it says it is largest-ever capex programme in the US.
Canadian yoghurt firm Ultima Foods has announced plans to expand its plant in the eastern city of Granby.
Canadian dairy group Ultima Foods, which produces Yoplait under licence for the local market, has launched its own yoghurt brand.
Sainsbury's chief executive Justin King this week welcomed moves from its UK retail rivals to invest in product quality and service after the retailer reported an increase in annual underlying profits.
Canadian dairy co-ops Agropur and Agrifoods have signed a deal to continue making Yoplait products through their joint venture Ultima Foods following a dispute over the production and operation of the brand.
Canadian dairy co-operative Agropur has hailed its "best performance in its history" as sales jumped on the back of higher exports and improved US dairy prices.
Canadian dairy co-op Agropur has named director and consumer goods veteran Robert Coallier as its new chief executive.
Agropur Cooperative Ltd in Packaged Food (Canada)
Agropur Cooperative is looking to grow its company share in an increasingly competitive and consolidated dairy category through mergers and acquisitions, as well as product innovation and branding....
Dairy in Canada
Dairy in Canada industry profile provides top-line qualitative and quantitative summary information including: market size (value 2009-13, and forecast to 2018). The profile also contains descriptions...
Global Dairy Food Market: Merger and Acquisitions July 2014
Synopsis The report provides a review of the mergers and acquisitions (M&As), partnering deals, and agreements entered into by companies active in the global dairy food market during July 2014. Summa...
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