Quebec-based Agropur Co-operative has raised another $300 million in investments to help carry out its development strategy.
The money is from a group of Quebec institutional investors and banks, the same group that last year bought $470 million of preferred units in Agropur.
The co-op has announced acquisitions in the last year, including the dairy processing assets of U.S.-based Davisco and Canada’s Sobeys and Northumberland.
It is now consolidating holdings and will close dairies next year in Chilliwack, B.C., and Saint Bruno De Montarville, Que.
