Wednesday, July 23, 2014

Agropur makes its biggest deal

Agropur has made its biggest deal, buying Davisco Foods International of Le Sueur, Minnesota and doubling its business in the United States.

No terms of the deal, which is to close Aug. 1, have been disclosed.

Davisco has annual sales of more than $1 billion compared with Agropur sales of less than $5 billion before this deal.

Agropur will have 41 plants when this deal closes. It’s base is in Quebec where it is a cooperative owned by dairy farmers.