Agropur Cooperative completes the acquisition of Nova Scotias' Cook'S Dairy

LONGUEUIL, QC, June 20, 2013 /CNW Telbec/ - Agropur Cooperative is pleased to announce that it has reached an agreement to purchase Cook's Dairy, the leading milk brand in Southwest Nova Scotia. Cook's Dairy has been processing and selling milk and other dairy products for 85 years and this acquisition will help strengthen Agropur's leadership in the milk and cream category in Nova Scotia.

"We have been thinking about the future of Cook's Dairy for a long time", says Don Cook, Cook's Dairy General Manager, "and now is the right time to sell our dairy. We are honoured and humbled by the strong support our customers have shown us over the years, making Cook's Dairy a household name in Southwest Nova Scotia." While the ownership is changing, I know our legacy will live on thanks to the values of the Canadian Cooperative that is Agropur".

"Agropur is very committed to supporting a strong dairy industry in Canada and the Cook's Dairy acquisition brings us closer to our objective, furthers our strategy to give us a greater reach in this region, as well as deepens our market presence and product variety," said Agropur Cooperative CEO, Robert Coallier. "I am pleased that Don and Randy Cook have agreed to stay with us and participate to the future development of Agropur in the Atlantic region."

Cook's Dairy produces 2.7 million litres of fluid milk and other dairy products each year. Cook's is the leading brand of milk in the Yarmouth, Digby, and Shelburne counties area.

About Agropur
Founded in 1938, Agropur is an important player in the North American dairy industry. With sales of $3.8 billion, the Cooperative is a source of pride for its 3,404 dairy producer owners and 6,000 employees. Agropur processes more than 3.3 billion litres of milk per year in its 28 plants across Canada and the United States, and boasts an impressive line of products that includes such prestigious brands as Natrel, Québon, OKA, Farmers, Central Dairies, Sealtest, Island Farms, Agropur Grand Cheddar and iögo. Visit www.agropur.com

SOURCE: Agropur

For further information:

Marc Labelle
Director, Public Relations and Communications
Agropur Cooperative
Telephone: 514-856-4946


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