Canada’s Scotsburn Ice Cream is selling its assets to local dairy giant Agropur Cooperative for an undisclosed sum.
An Agropur spokesperson told just-food: “The focus is now on getting the information to the co-operative members who own Scotsburn and having them make an informed choice. We are respectful of this procedure.” The deal also reportedly needs approval from competition officials.
Scotsburn is a manufacturer of ice cream, novelties and frozen desserts throughout Canada. Scotsburn president Jeff Burrows was quoted as telling local media Agropur did not “have a huge presence in the ice cream industry… we’re bringing that to them”. Burrows said Agropur would continue making Scotsburn-branded products.
Agropur, which describes itself as “a major player in the Canadian dairy industry”, has 3,367 member dairy farmers and processes more than 5.7 billion litres of milk annually with more than CAD5.9bn (US$4.4bn) in sales. The co-operative has more than 8,000 employees working across 38 plants.
Last September, Scotsburn announced plans to close a production facility in Newfoundland, which union leaders said was a “devastating blow” for the plant’s 167-strong workforce.
In 2014, Scotsburn sold its fluid milk production business in St John’s to Canadian dairy group Saputo to focus on ice cream.