Canada-based Agropur Cooperative acquired the assets of Scotsburn Cooperative Services Ltd., thereby expanding its presence in the ice cream and novelties market. The agreement covers plants in Truro, Nova Scotia and Lachute, Quebec, Canada, which manufacture more than 50 million liters of frozen dairy products per year under the Scotsburn brand.
"I am very happy that this transaction, which will help combine dairy processing assets in the hands of milk producers, has closed," says Serge Riendeau, president of Agropur.
"This transaction will strengthen our presence in the ice cream market and enable us to better serve our retail partners on a national basis," says Robert Coallier, chief executive officer of Agropur.
"I am very pleased with this transaction," adds Robbie MacGregor, chairman of the board of Scotsburn Ice Cream Co. "It is the best solution to ensure the future of local dairy production and processing. Agropur is here to stay."