Lactalis Canada closes acquisition of Agropur’s Canadian yogourt business
Lactalis Canada has acquired Ultima Foods' production facilities in Granby, QC and Delta, BC.
Food & Beverage
TORONTO — Lactalis Canada Inc., formerly Parmalat Canada Inc., a subsidiary of Lactalis Group, announced on Mar. 1 the closing of its acquisition of all shares of Agropur Cooperative’s Canadian yogourt business, Ultima Foods Inc.
Under the terms of the agreement announced on December 17, 2020, the acquisition includes the IÖGO and IÖGO nanö yogourt brands as well as the Olympic yogourt, sour cream and kefir brand. In addition, Lactalis Canada has acquired Ultima Foods’ production facilities in Granby, QC and Delta, BC a leased distribution centre in Longueuil, QC and a service contract with a third-party operator of a distribution centre in Richmond, BC.
“Lactalis Canada’s investment in Ultima Foods and its yogourt brands speaks to the significant opportunity we see in growing the yogourt category in Canada,” said Mark Taylor, President & CEO, Lactalis Canada. “With this acquisition, we expand our footprint nationally, reinforce our long-term investment in the country and the Canadian food processing sector and welcome approximately 450 employees who passionately share our dedication to providing Canadian consumers with healthy, nutritious and high-quality dairy products.”