LONGUEUIL, QC, Jan. 31 /CNW Telbec/ - Agropur cooperative, Canada's
largest dairy cooperative, just announced that it reached an agreement to
acquire Trega Foods Inc. before the end of February 2008, pursuing therefore
its expansion south of the border. It will be Agropur's second acquisition in
the United States, since 2002, and allows the organization to reinforce its
position on the North American and international dairy scene.
"We are increasing our presence in the United States and this business
transaction is in direct link with our development strategy," said Mr. Pierre
Claprood, CEO of Agropur.
Trega Foods operations will continue to be under the management of its
current President, Mr. Doug Simon who will be reporting directly to Mr. Louis
Lefebvre, President of Agropur's Cheese and Functional Products Division.
Agropur will maintain all current operations under the name Trega Foods Ltd.
Located in Wisconsin, a state renowned for its dairy production, the
organization manufactures different types of cheese and whey products. Trega
Foods and Agropur are proud of their reputations that rest on high quality
products and the numerous awards they have won over the years, notably, at the
World Championship Cheese Contest, one of the most prestigious competitions in
the world. "We are now part of an organization that shares the same values as
Trega Foods and we believe that we will be able to do exciting things in the
future, thanks to our new association with Agropur," added Mr. Doug Simon,
President of Trega Foods.
About Trega Foods
Trega Foods is rich in history and tradition. The main products are
cheddar, feta, mozzarella, provolone as well as the following dairy
ingredients: Iso Chill 6000, 9000, 9010, lactose, delactose and deproteinized
whey products. In its three facilities 300 employees process annually close to
650 million litres of milk (1.3 billion pounds), with sales of 300 million
Founded in 1938, Agropur cooperative is a leader in the Canadian dairy
industry, with sales of 2.45 billion dollars (CAD). With 3,600 member/owners,
it has 4,400 employees at its 22 manufacturing facilities, distribution
centres and offices throughout Canada, as well as the United States and
Argentina. It processes close to 2 billion litres of milk per year
(4.5 billion pounds) and offers an impressive product line, including such
famous Canadian brands as Québon, Oka, Sealtest and Natrel.
For further information:
For further information: For Canadian media: Mr. Jean Brodeur,
Vice-President, Public Relations, Agropur, (450) 646-1010; For American media:
Mr. Douglas Simon, President, Trega Foods Inc., (920) 788-2115