LONGUEUIL, QC, Feb. 8, 2012 /CNW Telbec/ - Once again this year, growth
was on the agenda for Agropur as it posted the best performance in its
history. The Cooperative generated sales of more than $3.6 billion for
the fiscal year ended October 31, 2011, with 25.9% of these sales
originating from operations outside of Canada. Earnings before
patronage dividends amounted to $164.8 million.
Agropur also continued its expansion in the United States with the
December 2010 acquisition of Main Street Ingredients, a La Crosse,
Wisconsin company that specializes in dairy ingredients. With this new
acquisition, the Cooperative now has a solid asset base that will
enable it to take advantage of the growth of the American and export
According to Pierre Claprood, Agropur's Chief Executive Officer: "Total
sales in our cheese divisions grew by 17% in 2011, with 36.3% of sales
coming from the United States. This increase is mainly due to
contributions from the Main Street Ingredients and Hull (Iowa) plants,
as well as the increase in dairy product prices in 2011, particularly
in the United States."
Over the last year, Agropur maintained its focus on innovation with the
introduction of new products, such as Rondoux washed-rind cheeses, the
addition of Rivière Rouge and Seigneurie du lac des Deux-Montagnes
cheeses to the Agropur Signature line, the Champfleury, Oka and Brie
fine cream cheeses, the Natrel lactose-free creams, and two new Natrel
chocolate milks (dark chocolate and milk chocolate), among others.
Agropur is a significant player in a rapidly growing cooperative
movement. With 2012 being proclaimed as the International Year of
Cooperatives by the United Nations, this promises to be a banner year
for cooperatives around the world. It represents an opportunity to
celebrate the contribution that cooperatives make to sustainable
development, the elimination of poverty, job creation, social
integration and the establishment of means of livelihood in a variety
of economic sectors in both rural and urban environments.
Serge Riendeau, Chairman of Agropur, stated: "Agropur is proud of its
roots and its cooperative model, which favours well-anchored principles
and values along with a vision for long-term development. This year
will be very special for cooperatives around the world, and we are
pleased to be taking part in the International Summit of Cooperatives
in October 2012 as a major sponsor."
After more than 30 years of good and loyal service, including 8 years as
Chief Executive Officer, Pierre Claprood will be retiring at the end of
February 2012. "I would like to thank Mr. Claprood, who leaves us with
an organization that is positioned to continue its growth. His
contribution to the Cooperative has been immeasurable, thanks to his
incredible dedication and his excellent professional competence, and we
can all be proud of what he has accomplished," said Mr. Riendeau.
Founded in 1938, Agropur is a leader in the Canadian dairy industry.
With sales of $3.6 billion, the Cooperative is a source of pride for
its 3,349 dairy producer members and 5,700 employees. Agropur processes
more than 3 billion litres of milk per year in its 27 plants across
Canada, the United States and Argentina. It markets an impressive line
of products, including such well-known brands as Natrel, Québon, Oka,
Sealtest and Island Farms.
For further information:
Senior Public Relations Advisor
Tel: 450-646-1010, ext. 4559