BEDFORD, NS and LONGUEUIL, QC, Feb. 11, 2013 /CNW/ - The Board of
Directors of Farmers Co-operative Dairy Limited, well-known in Atlantic
Canada, and the Board of Directors of Agropur cooperative, the largest
dairy cooperative in Canada, are extremely proud to announce the merger
of its two organizations.
"By joining forces, we believe that the new merged entity will be well
equipped to ensure a sustainable dairy industry in the Atlantic
Provinces," said Jeannie van Dyk, Chairman of Farmers Dairy and a dairy
farmer from Noel Shore, Nova Scotia. "This is a great opportunity for
our members to continue to have a voice in the marketing of their milk
through ownership in a large national cooperative organization."
"The merger of our two cooperatives is a first for Agropur in decades.
The merger will allow us to better serve our customers on a national
basis, and support the overall objective of consolidating the
cooperative milk processing sector for the benefit of the member dairy
farmers," added Serge Riendeau, Chairman of Agropur and a dairy farmer
in Coaticook, Quebec.
The proposed merger and related arrangements will be submitted for
approval by the members during separate Special General Assemblies,
which will be held on March 12, 2013. The targeted date for the merging
of activities is April 2, 2013. This is subject to approval from the
About Farmers Dairy
Farmers Dairy has been a part of the community in Atlantic Canada for
more than 90 years. Owned by 116 member dairy producers and posting
annual sales of $176 million, the mission of Farmers Dairy is to
provide Atlantic Canada with top-quality, locally produced dairy
products. Farmers Dairy is currently the number one brand in Nova
Scotia, and its customers in Newfoundland and Labrador have made its
Central Dairies brand "It's the milk we're made of" for 50 years. For
more information, visit the organization's website, at www.farmersdairy.ca.
Founded in 1938, Agropur is an important player in the North American
dairy industry. With sales of $3.6 billion, the Cooperative is a source
of pride for its 3,288 dairy producer owners. Agropur processes more
than 3.2 billion litres of milk per year in its 25 plants across Canada
and the United States. For more information, visit www.agropur.com.
SOURCE: Farmers Dairy
For further information:
Information - Agropur
Phone: 514 447-3938
Information - Farmers Dairy
Marketing and Communications Manager
Phone: 902-835-4005 ext. 4064