Agropur to focus on exports market after major acquisition
In a move likely aimed at preparing for the CETA trade deal, Dairy giant Agropur acquires an export division
LONGUEUIL, Que.—Quebec co-op Agropur plans to accelerate its focus on export markets following the acquisition of dairy products trading house M. Larivee International for an undisclosed price.
Former owner Marcel Larivee will manage the new Agropur Export Group, which has employees in Canada and the U.S.
Agropur CEO Robert Coallier said MLI’s expertise will “significantly accelerate” its development and access promising new markets.
Founded in 1938, the dairy co-operative has nearly $3.8 billion in annual sales and processes more than 3.3 billion litres of milk each year at 30 plants across North America.
It has 3,400 dairy producer owners and 6,100 employees.
Agropur’s products are sold under a variety of banners including Natrel, Quebon, OKA, Farmers, Central Dairies, Sealtest, Island Farms, Agropur Grand Cheddar, Olympic and iogo.