GFM Network News

Scotsburn ice cream business sale to Agropur cleared

Canada’s biggest dairy co-operative has been given the all-clear to close its deal for an Atlantic dairy co-op’s ice cream business. Agropur Co-operative on Thursday announced it has bought the assets of Truro, N.S.-based Scotsburn Co-operative Services, which include the company’s plants in Truro and in Lachute, Que. as well as the Scotsburn brand name. […] Read more

Agropur halts its diafiltered milk imports

Updated, May 11, 2016 — Canadian dairy processing co-operative Agropur says a three-month national program to subsidize use of Canadian dairy ingredients will allow it to “immediately” end its own imports of diafiltered milk. “We had pledged to stop importing diafiltered milk as soon as conditions allowed,” co-op president Serge Riendeau said Tuesday in a […] Read more

Agropur eyes further U.S. acquisitions

Reuters — Canada’s second-biggest dairy, Agropur Co-operative, said it is looking to grow in the U.S., possibly through acquisitions, in the face of an expected erosion of its market share at home due to recent international trade deals. Agropur, whose brands include Iogo yogurt and Oka cheese, and larger rival Saputo have already built U.S. […] Read more

Que. banks, funds boost stake in Agropur

Agropur is getting a second nine-figure cash injection from a group of Quebec institutional investors and banks, further backing the major Quebec dairy farmer co-operative’s expansion plans against an uncertain domestic market. The investor group, led by Caisse de depot et placement du Quebec (CDPQ), said Thursday it will put up $300 million, on top […] Read more

Agropur to consolidate B.C. milk processing

Dairy co-operative Agropur plans to tighten up its fluid milk processing on British Columbia’s Lower Mainland, upgrading its milk plant at Burnaby and shutting its plant at Chilliwack. Quebec-based Agropur took over the Burnaby plant, along with facilities in Edmonton and Winnipeg, when it bought the former Canada Safeway milk processing plants from Sobeys last […] Read more

Agropur to shut Montreal-area milk plant

Quebec dairy co-operative Agropur plans to shut a Montreal-area fluid milk processing plant which it says has aged out of service. The company said Tuesday it will close its milk plant in Saint-Bruno-de-Montarville, which today employs 67 full-time and 27 “temporary” staff, by late May next year. “Considering the age and condition of the building […] Read more