Lactalis Canada to Acquire Agropur's Canadian Yogourt Business
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Reinforces Lactalis Canada's important role in the Canadian dairy processing sector
with an expanded footprint across Canada
TORONTO, Dec. 17, 2020 /CNW/ - Lactalis Canada Inc. ('Lactalis Canada'), formerly Parmalat Canada Inc., a subsidiary of Lactalis Group, today announced that it has reached a definitive agreement with Agropur Cooperative to acquire all shares of its Canadian yogourt business, Ultima Foods Inc., including the Iögo and Iögo Nanö yogourt brands, as well as the Olympic yogourt, sour cream and kefir brand. The acquisition is subject to approval by Competition Bureau Canada. Financial terms of the agreement were not disclosed.