CEO Lino Saputo Jr. singled out Agropur, a co-operative of dairy farmers, and Italian multinational Parmalat for starting a price war
Hewitt’s Dairy produces milk, cream, sour cream, cultured beverages, yogurt and a full range of dairy goat products
Agropur’s acquisition of Davisco Foods’ dairy processing assets comes after two other deals in month
Quebec-based dairy co-op Agropur buying milk, yogurt and ice cream manufacturing operations from Sobeys
The company is in the midst of a heated acquisition attempt for Australian Dairy Warrnambool Cheese & Butter Factory
Ontario Economic Development Minister Eric Hoskins said his government will support the agreement but is concerned about the impacts on the pharmaceutical, dairy, wine and spirits industries.