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Dairytown » Latest News » Dairytown Products Ltd. and Agropur Cooperative Conclude an Agreement in Principle to Merge the Two Entities

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Dairytown Products Ltd. and Agropur Cooperative Conclude an Agreement in Principle to Merge the Two Entities

March 27th, 2014

The Boards of directors of Dairytown Products Ltd. and Agropur Cooperative announced today that they have concluded an agreement in principle to merge the two organizations.

"This is excellent news for both our organizations. Our respective vision and values gave us the opportunity to reach this agreement. This will allow the producers of both organizations to benefit from the advantages of being part of a large national cooperative, and to better serve customers across the country," declared Dairytown Products Ltd. Chairman, Jim Walker.

"This agreement is consistent with our desire to keep dairy processing assets in the hands of producers wherever possible," said Serge Riendeau, President of Agropur Cooperative. "It will also increase our critical mass in the region and help secure our long-term presence in Atlantic Canada," he added.

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