Canada-based Agropur Cooperative has acquired M Larivée International (MLI), an international trading house specializing in dairy products and food ingredients in the country.
Following the acquisition, MLI owner Marcel Larivée will manage the new Agropur Export Group that will be integrated to Agropur's Cheese and Ingredients Division.
Commenting on the transaction, Agropur Cooperative CEO Robert Coallier said that the acquisition of MLI goes hand in hand with the company's desire to develop the export market.
Agropur Cooperative chairman Serge Riendeau said, "We are very pleased with this acquisition.
"It will allow us, as a first step, to recreate the Agropur Export Group and develop international markets with our own products."
The company processes more than 3.3 billion liters of milk in its 30 plants across North America, annually.
Agropur Cooperative processes and sells dairy products primarily in Canada, the US, and Argentina. Its products include milk, dairy dips and juices, fine cheese, yogurt, ice cream, cottage cheese, cream cheese, organic yogurt, organic cream cheese, sour cream, and soyogurt.
