Agropur Cooperative, Canada’s largest dairy cooperative, Iis buying the assets of Scotsburn Cooperative Services Ltd., a maker of ice cream and dairy novelties.
The agreement covers plants in Truro, N.S., and Lachute, Que., that manufacture more than 50 million litres of frozen dairy products per year, as well as the Scotsburn brand. The acquired business has total annual sales of more than $150 million, Agropur said in a news release.
The sale price was not released.
“I am very happy that this transaction, which will help combine dairy processing assets in the hands of milk producers, has closed,” said 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,” said Robert Coallier, CEO of Agropur.
Robbie MacGregor, board chair of Scotsburn Ice Cream Co. said the deal “is the best solution to ensure the future of local dairy production and processing. Agropur is here to stay.”
