GFM Network News


(CNW Group/Ultima Foods)

Lactalis to buy Agropur’s yogurt business

Deal to include two processing plants, major yogurt brands

Canadian dairy co-operative Agropur has reached a deal to sell its yogurt processing business and plants to the Canadian arm of French dairy giant Groupe Lactalis. The deal, as announced Thursday, will include Agropur’s plants at Granby, Que. and Delta, B.C. plus the operations at a distribution centre it leases at Longueuil, Que. Financial terms

(OlympicDairy.com)

Agropur to take control of Iogo, Olympic yogurt maker

Ultima Foods, the Canadian maker of Iogo and Olympic yogurt products, is set to become the sole property of Quebec dairy producers’ co-op Agropur. Agropur and Agrifoods International Co-operative, which combined their yogurt manufacturing and marketing operations in 1993 to form Ultima as a 50-50 joint venture, announced a deal Thursday which will see Agropur