Lactalis Canada to acquire Agropur's Canadian yogurt business
The transaction includes all shares of Ultima Foods Inc. and the Iögo, Iögo Nanö and Olympic brands.
Lactalis Canada Inc., formerly Parmalat Canada Inc., a Toronto-based subsidiary of Lactalis Group, said it has reached a definitive agreement with Agropur Cooperative to acquire all shares of its Canadian yogurt business, Ultima Foods Inc. The agreement includes the Iögo and Iögo Nanö yogurt brands, as well as the Olympic yogurt, sour cream and kefir brand. The acquisition is subject to approval by Competition Bureau Canada. Financial terms of the agreement were not disclosed.
The proposed transaction expands Lactalis Canada's yogourt portfolio of iconic brands, which include Astro, siggi's and Stonyfield, with the addition of three highly recognizable and popular homegrown yogurt names, Lactalis Canada said.