Canada-based Agropur Cooperative concluded a strategic partnership agreement with Canada-based retailer Sobeys that includes the purchase of the dairy processing activities as well as long-term supply agreements.
The $356 million transaction includes the purchase of four plants—two located in Edmonton (milk and ice cream), one in Winnipeg (milk) and one in Burnaby (milk)—and the licensing of the Lucerne trademark to Agropur for the production and distribution of fluid milk and cream.