SUSSEX, NB and LONGUEUIL, QC, June 3, 2014 /CNW Telbec/ - The
producer-members of New-Brunswick's Dairytown Products Ltd. approved
their organization's merger with Agropur Cooperative yesterday by more
than a 99% majority, with a turnout of over 80%. Having obtained all
regulatory approvals, the merger of the two organizations is scheduled
to close on June 30, 2014.
Dairytown's Chairman, James Walker is enthusiastic about the merger and
for the opportunity to build on each organization's respective
strengths in Atlantic Canada. "We are pleased to join other milk
producers who share our vision and values," he said.
Agropur President, Serge Riendeau declared: "This merger will allow us,
as did the Farmers Dairy/Agropur Cooperative merger last year, to pool
our processing assets and to keep them all in the hands of our
producer-members to ensure the sustainability of our Cooperative."
Agropur CEO, Robert Coallier added: "The competitive landscape is
changing. With better control of our milk supply and increased
processing capabilities, Agropur will be better positioned to serve its
customers at a Nation-wide level and that, for the greater benefit of
About Dairytown Products Ltd.
Strategically located at the heart of New Brunswick's dairy farming
community and with close access to central Canada and northeast United
States, Dairytown Products is a world-class supplier of butter, skim
milk powder and custom milk powder blends. As a specialized supplier of
dairy products and ingredients to the retail, food service and further
processing trades, the company has earned an industry reputation for
products of uncompromising quality and functional performance. It
employs 189 people and has 206 beneficiaries, all of whom are New
Brunswick dairy producers.
Founded in 1938, Agropur is an important player in the North American
dairy industry. With sales of more than $3.8 billion, the Cooperative
is a source of pride for its 3,348 dairy producer owners and 6,300
employees. Agropur processes more than 3.3 billion litres of milk per
year in its 31 plants across North America and boasts an impressive
line of products and brands such as: Natrel, Québon, OKA, Farmers,
Agropur Signature cheese, Central Dairies, Agropur Grand Cheddar,
Sealtest, Island Farms and finally, iögo and Olympic from Ultima Foods
- a Agropur Cooperative joint venture.
For further information:
Dairytown Products Ltd.
Vice President, Sales & Marketing
Dairytown Products Ltd.
Telephone: 506-432-1950, ext. 227
Director, Public Relations and Communications