Canada's second-biggest dairy, Agropur Cooperative, said it is looking to grow in the United States, possibly through acquisitions, in the face of an expected erosion of its market share at home due to recent international trade deals.
Agropur, whose brands include Iogo yogurt and Oka cheese, and larger rival Saputo Inc (SAP.TO) have already built U.S. businesses through acquisitions, looking for profits outside Canada's managed-supply system.
The Trans-Pacific Partnership trade deal, signed this month, and Canada-European Union trade agreement provided extra incentive for dairies to seek growth outside Canada, which controls supplies and prices while slapping steep tariffs on most imports.
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