New round of financing for US$300 million for Agropur

Canadian dairy industry leader Agropur Cooperative has completed a new round of financing for $300M. All the cooperative’s financial partners, the Caisse de dépôt et de placement, National Bank, the Fonds de solidarité FTQ, Investissement Québec, Capital régional et coopératif Desjardins and Fondaction CSN, have chosen to participate in this new capital investment in Agropur to support the cooperative’s development strategy and give it greater financial flexibility for future growth. Founded in 1938, Agropur Cooperative is a North American dairy industry leader with sales of $5.9 billion in 2015. The Cooperative is a source of pride for its 3,367 members and 8,000 employees. Agropur processes more than 5.7 billion litres of milk per year at its 39 plants across North America and boasts an impressive roster of brands and products including Natrel, Québon, OKA, Farmers, Agropur Signature, Agropur Grand Cheddar, Island Farms, BiPro, and the Ultima Foods joint venture’s iögo and Olympic brands. Agropur was represented by Diane Bertrand, Sylvie Bourdeau, and Joëlle Simard of the Fasken Corporate/Commercial Group.