Canadian dairy co-op Agropur has struck another deal to buy a local firm – this time Quebec brie and camembert maker Fromagerie Damafro.
The move, announced on Friday (22 November), was the second agreement unveiled in a week. On Monday, Agropur said it had acquired own-label and ingredients supplier M. Larivée International.
Go deeper with GlobalData
The company has also been involved in three other deals this year – the acquisitions of two Canadian companies this summer and the merger with another co-op in April.
Agropur was upbeat about the deal – secured for an undisclosed sum – for family-owned Damafro. “We are very excited about this acquisition,” Agropur chairman Serge Riendeau said. “This is a good fit which expands our presence in markets for superior-quality products in what is a fast-growing segment.”
Damafro, based in St-Damase in Quebec, makes a range of dairy products, including cheese, Greek yoghurt and goat’s milk. It distributes its cheese south of the border in the US.
President Michel Bonnet said: “My family and I are delighted that Damafro is becoming part of such a solid organisation. Agropur will invest in the business and build on the efforts we have made over the years.”
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataIn July, Agropur 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.
