BEDFORD, NS and LONGUEUIL, QC – The Board of Directors of Farmers Co-operative Dairy Limited, well-known in Atlantic Canada, and the Board of Directors of Agropur cooperative, the largest dairy cooperative in Canada, are extremely proud to announce the merger of its two organizations.
"By joining forces, we believe that the new merged entity will be well equipped to ensure a sustainable dairy industry in the Atlantic Provinces," said Jeannie van Dyk, Chairman of Farmers Dairy and a dairy farmer from Noel Shore, Nova Scotia. "This is a great opportunity for our members to continue to have a voice in the marketing of their milk through ownership in a large national cooperative organization."
"The merger of our two cooperatives is a first for Agropur in decades. The merger will allow us to better serve our customers on a national basis, and support the overall objective of consolidating the cooperative milk processing sector for the benefit of the member dairy farmers," added Serge Riendeau, Chairman of Agropur and a dairy farmer in Coaticook, Quebec.
The proposed merger and related arrangements will be submitted for approval by the members during separate Special General Assemblies, which will be held on March 12, 2013. The targeted date for the merging of activities is April 2, 2013. This is subject to approval from the appropriate authorities.
About Farmers Dairy
Farmers Dairy has been a part of the community in Atlantic Canada for more than 90 years. Owned by 116 member dairy producers and posting annual sales of $176 million, the mission of Farmers Dairy is to provide Atlantic Canada with top-quality, locally produced dairy products. Farmers Dairy is currently the number one brand in Nova Scotia, and its customers in Newfoundland and Labrador have made its Central Dairies brand "It's the milk we're made of" for 50 years. For more information, visit the organization's website, at www.farmersdairy.ca.
About Agropur
Founded in 1938, Agropur is an important player in the North American dairy industry. With sales of $3.6 billion, the Cooperative is a source of pride for its 3,288 dairy producer owners. Agropur processes more than 3.2 billion litres of milk per year in its 25 plants across Canada and the United States. For more information, visit www.agropur.com.
Source: Farmers Dairy