LONGUEUIL, QC, Aug. 8, 2014 /CNW Telbec/ - Agropur Cooperative is proud to announce that it has completed the transaction to acquire Davisco Foods International.
Agropur financed the total consideration from existing cash resources and new credit facilities fully-underwritten by the Co-Lead Arrangers and Joint Bookrunners Desjardins Capital Markets, BMO Capital Markets and Rabobank. Caisse centrale Desjardins is acting as Administrative Agent. Bank of Montreal and Rabobank are acting as Co-Syndication Agents. National Bank of Canada is acting as Documentation Agent. Desjardins Capital Markets acted as financial advisor to Agropur.
Founded in 1938, Agropur is an important player in the North American dairy industry. With sales of $3.8 billion at the end of the 2013 fiscal year, the Cooperative is a source of pride for its 3,554 dairy producer owners and 7,500 employees. Agropur now processes more than 5.1 billion litres (11.2 billion pounds) of milk per year in its 36 plants across North America, and boasts an impressive line of products that includes such prestigious brands as Natrel, Québon, OKA, Farmers, Central Dairies, Sealtest, biPro, Island Farms, Agropur Grand Cheddar and finally Olympic and iögo, from Ultima Food, a Agropur Cooperative joint venture. Visit www.agropur.com
For further information: Marc Labelle, Director, Public Relations and Communications, Agropur Cooperative, Telephone: 514-856-4946