Canadian dairy cooperative Agropur has finalized a deal with Lactalis, a leading dairy company, to divest its fine cheese segment.
This agreement encompasses the Oka and Saint-Hyacinthe facilities, along with the associated product brands. Upon completion of the transaction, 400 staff members will transition to Lactalis Canada.
This strategic sale aligns with Agropur’s initiative to streamline operations and concentrate on areas that provide the highest value to its dairy farmer members. The cooperative aims to focus more on fluid milk production, which includes value-added milk, as well as industrial cheese, butter, and dairy ingredients.
Agropur commented, “This decision was carefully considered and is intended to strengthen the Cooperative’s long-term competitiveness and ensure its sustainability. Although profitable, the fine cheese business represents only a small portion of Agropur’s operations and only a minimal share of the milk it processes in Canada.”
The cooperative added, “This decision will also allow us to strengthen our position as the dairy partner of choice for the food industry and continue offering healthy, high-quality products that meet the evolving needs of our customers.”
Acknowledging the significance of its fine cheese operations in Québec, Agropur expressed appreciation for the expertise of the employees who have contributed to this sector. The cooperative will collaborate with Lactalis to facilitate a smooth transition for employees and partners involved.
Emmanuel Besnier, chairman of Lactalis, remarked, “This acquisition represents a major opportunity for Lactalis to build on flagship Quebec brands and outstanding cheesemaking expertise. It strengthens our position in the Canadian market and supports our ambition to provide consumers with healthy, high-quality dairy products, driven by excellence and innovation.”
