LONGUEUIL, QC, Feb. 13, 2013 /CNW Telbec/ - Agropur Cooperative held its 74th Annual General Meeting today at the Palais des congrès de Montréal,
welcoming close to 1,000 attendees comprising members and employees,
business partners and guests from the agri-food industry, and
highlighting its remarkable performance for the year.
The Cooperative's sales continued to grow during the fiscal year ended
November 3, 2012, reaching $3.7 billion, which represents a 5.1%
increase over the previous year. Of note, there were 53 weeks in Fiscal
2012 compared to 52 in 2011. Earnings before interest, taxes,
amortization and joint ventures (operating surplus) increased by $1.8
million, reaching $246.8 million for Fiscal 2012. Agropur declared
$101.6 million in patronage dividends to its members spread all over
the province of Québec.
"Globally, the Cooperative is in a more solid position than ever, and
our operating results achieved a remarkable level again this year. This
means that we have the resources that we require to pursue our growth",
explained Agropur CEO Robert Coallier.
Merger of Agropur Cooperative and Farmers Co-operative Dairy Limited
On February 11, 2013, the Agropur Board of Directors announced the
merging of its activities with those of Farmers Dairy, a well-known
cooperative in the Atlantic Provinces. This merger is in line with
Agropur's vision, which is to enhance milk processing by cooperatives
for the benefit of members' milk producers.
Launch of iögo
2012 was also marked by an historic event for the organization, namely
the launch of the new iögo brand, which was spearheaded by its joint
venture, Ultima Foods. Initial sales results are extremely promising,
and thanks to the positioning of the brand and significant investments,
Ultima Foods was able to establish widespread distribution in record
time. "We are very optimistic about our future in the yogurt industry",
declared Serge Riendeau, Chairman of the Cooperative.
The Cooperative continued to build on the success of recent years,
launching innovative value-added health products in 2012. Agropur
entered the year in full stride with the nationwide launch of Baboo,
which opened up a brand new category of dairy products intended for
toddlers aged 12 to 24 months, and the launch of Natrel dark chocolate
milk. With respect to fine cheeses, a number of new products were
introduced on the market, including the Crème de Grand Cheddar and
Agropur 75, which is a washed-rind artisan cheese that is made in Oka
to commemorate the Cooperative's 75th anniversary.
Since 1938, Agropur has been working tirelessly to satisfy the needs of
its thousands of consumers. Toward this end, its 3,288 members have
combined their expertise with that of its employees and the numerous
agents involved in the collection and distribution of milk in order to
ensure that the final product meets every expectation. "This tremendous
collective effort was the inspiration for the theme of our 75th
anniversary celebrations: 75 Years of Passion!", concluded Mr.
Riendeau. The celebrations will continue throughout the year,
encompassing a variety of activities.
Founded in 1938, Agropur is a leader in the Canadian dairy industry.
With sales of close to $3.7 billion, the Cooperative is a source of
pride for its 3,288 member dairy producers and 5,500 employees. Agropur
processes more than 3 billion litres of milk per year at its 25 plants
in North America, and boasts an impressive line of products that
includes such prestigious brands as Natrel, Québon, OKA, Sealtest and
For more information concerning Agropur, visit www.agropur.com.
For further information:
Vice-president, Institutional Affairs and Communications
Tel.: 450-928-5454, extension 5461