Canada's largest dairy cooperative will purchase Davisco Foods International’s U.S. cheese, dairy ingredient plants.
Agropur, Canada's largest dairy cooperative, and Davisco Foods International, said they agreed for Agropur to acquire the dairy processing assets of Davisco.
The acquisition is targeted to close August 1, 2014, subject to satisfaction of customary closing conditions. Officials say the transaction will double Agropur's U.S. processing operations and will increase its global milk intake by 50%. It also will strengthen Agropur’s position in the North American and international dairy industries.