Directors of Farmers Co-operative Dairy Limited in Nova Scotia and Agropur cooperative in Quebec announced a merger of their two organizations on Feb. 13.
‚ÄúBy joining forces we believe that the new merged entity will be well equipped to ensure a sustainable dairy industry in the Atlantic rovinces,‚ÄĚ said Farmers Dairy Chairman Jeannie van Dyk, a dairy farmer from Noel Shore. ‚ÄúThis is a great opportunity for our members to continue to have a voice in the marketing of their milk through ownership in a large national cooperative organization.‚ÄĚ
‚ÄúThe merger of our two cooperatives is a first for Agropur in decades. The merger will allow us to better serve our customers on a national basis, and support the overall objective of consolidating the cooperative milk processing sector for the benefit of the member dairy farmers‚ÄĚ, added Agropur Chair Serge Riendeau, a dairy farmer in Coaticook, PQ.
The proposed merger and related arrangements will be submitted for approval by the members during separate Special General Assemblies, that will be held on March 12. The targeted date for the merging of activities is April 2. This is subject to approval from the appropriate authorities.
Farmers Dairy has been a part of the community in Atlantic Canada for more than 90 years. It is owned by 116 member dairy producers and posts annual sales of $176 million.
Founded in 1938, Agropur is the largest dairy cooperative in Canada. With sales of $3.6 billion, the Cooperative is a source of pride for its 3 288 dairy producer owners. It processes more than 3.2 billion litres of milk per year in its 25 plants across Canada and the United States.