Agropur has made number of deals in 2013

Agropur has made number of deals in 2013

Canadian dairy group Agropur has snapped up own-label and ingredients supplier M. Larivée International.

Agropur said the acquisition would help it build its presence outside Canada. "The acquisition of MLI goes hand in hand with our desire to develop the export market. MLI's expertise will see us significantly accelerate our development as well as access very promising markets," Agropur CEO Robert Coallier said.

Marcel Larivée, the owner of the M. Larivée International, will join Agropur to head its export group, which will form part of the company's cheese and ingredients division.

The acquisition, struck for an undisclosed sum, is Agropur's third in five months. In July, the company bought British Columbian ice cream maker Coast Mountain Dairy. A month earlier, it snapped up Nova Scotia-based Cook's Dairy.

Those deals followed Agropur's merger with local peer Farmers Co-operative Dairy in April.

Show the press release

Agropur Cooperative Acquires M. Larivée International inc.

 

LONGUEUIL, QC, Nov. 18, 2013 /CNW Telbec/ - Agropur Cooperative announces the acquisition of M. Larivée International inc. (MLI), a trading house specializing in dairy products and food ingredients.

 

"We are very pleased with this acquisition," said Serge Riendeau, Chairman of Agropur. "It will allow us, as a first step, to recreate the Agropur Export Group and develop international markets with our own products."

 

"The acquisition of MLI goes hand in hand with our desire to develop the export market. MLI's expertise will see us significantly accelerate our development as well as access very promising markets," said Robert Coallier, CEO of Agropur.

 

MLI has employees in Canada and the United States, including owner Marcel Larivée. He will manage the new Agropur Export Group that will be integrated to Agropur's Cheese and Ingredients Division.

 

About Agropur

Founded in 1938, Agropur is an important player in the North American dairy industry. With sales of nearly $3.8 billion, the Cooperative is a source of pride for its 3,400 dairy producer owners and 6,100 employees. Agropur processes more than 3.3 billion litres of milk per year in its 30 plants across North America and boasts an impressive line of products that includes such prestigious brands as Natrel, Québon, OKA, Farmers, Central Dairies, Sealtest, Island Farms, Olympic, Agropur Grand Cheddar and iögo. Visit www.agropur.com

Original source: Agropur