Québec investors provide $470 mln to fund Agropur's growth, acquisitions

Canadian dairy cooperative Agropur has received $470 million from a group of Québec investors. The Caisse de dépôt et placement du Québec, National Bank of Canada, Fonds de solidarité FTQ, Investissement Québec, Capital régional et coopératif Desjardins and Fondaction CSN all contributed to the deal. The Longueuil, Québec-based Agropur plans to use the funds to support is growth strategy, as well as its acquisitions, which include recent buys of dairy processing assets from Davisco, Sobeys and Northumberland Dairy Cooperative. Founded in 1938, the company has 3,473 dairy producer members and reported sales of over $3.8 billion at the end of fiscal 2013.

DealsCanadaNorth AmericaBriefs