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Lactalis Canada Acquires Ultima Foods

Lactalis Canada Acquires Ultima Foods


TORONTO, CANADA
Friday, January 8th, 2021

Behind every well-known brand name is a group of industry experts pushing the category to be the best it can be. Lactalis Canada is one such industry power, tackling the dairy case with its popular Astro, siggi's, and Stonyfield brands. The company is now further expanding its footprint, recently finalizing a definitive agreement with Agropur Cooperative to acquire all shares of its Canadian yogurt business, Ultima Foods, including the Iögo and Iögo Nanö yogurt brands, as well as the Olympic yogurt, sour cream, and kefir brand.

Mark Taylor, President and Chief Executive Officer, Lactalis Canada"As a broadly-based dairy products company in Canada, producing and supplying a wide variety of popular brands, this transaction will reinforce Lactalis Canada's position in the dairy category and will help enable key customer partners in both the retail and foodservice channels meet the growing consumer demand for yogurt products," said Mark Taylor, President and CEO of Lactalis Canada.

In addition to the new brands, the transaction includes yogurt production facilities in Granby, QC, and Delta, BC, as well as the operations at a leased distribution centre in Longueuil, QC. According to a press release, Lactalis Canada will add approximately 450 employees from across the country who will join the company's existing 3,500 employees and 30 operating sites including 17 manufacturing facilities in Ontario, Quebec, Alberta, and Manitoba.

Lactalis is further expanding its footprint, recently finalizing a definitive agreement with Agropur Cooperative to acquire all shares of its Canadian yogurt business

"Lactalis Canada's mission is to build on its family heritage to delight consumers with life-enriching dairy products, while making sustainable economic and social contributions that benefit its people, industry, partners, and the communities in which it operates," added Taylor. "In keeping with our mission, Lactalis Canada is confident that this transaction will positively support dairy farmers, retailers, consumers, and the communities of Granby and Longueuil, QC as well as Delta, British Columbia."

The acquisition supports the country's overall dairy processing sector and the numerous communities and businesses that rely on a healthy and productive industry, while also reinforcing Lactalis Canada's important role in the Canadian dairy processing sector, long-term investment in the country, and growing national footprint.

Stay tuned as we at Deli Market News report on the latest and greatest across the dairy sector.

Lactalis Canada
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