Lactalis Canada Inc.’s Acquisition of Ultima Foods

Fasken represented Agropur in connection with this transaction.

On March 1st, 2021, Agropur Cooperative, Canada’s largest dairy cooperative, announced the closing of the sale of all shares of Ultima Foods Inc., a division of Agropur dedicated to the business of yogurt, to Lactalis Canada Inc., formerly Parmalat Canada Inc.

Under the terms of the agreement announced on December 17, 2020, the acquisition includes IÖGO and IÖGO nanö yogurt brands as well as the Olympic yogurt, sour cream and kefir brand. In addition, Lactalis Canada has acquired Ultima Foods’ production facilities in Granby, QC, and Delta, BC, a leased distribution center in Longueuil, QC, and a service contract with a third-party operator of a distribution center in Richmond, BC. 

Founded in 1938, Agropur Cooperative is one of the 20 largest dairy industry players in the world.

Lactalis Canada Inc. is a dairy processing company with administrative offices in Toronto, Montreal and Calgary, 17 processing facilities, a Research and Development center in London, Ontario and 3 distribution centres.

The Fasken team was led by Sylvie Bourdeau (Picture) and composed of Véronique Harvey-Bertrand, Ralph Aziz (M&A), Alain Ranger (Tax), Huy Do, Chris Margison, Robin Spillette (Competition), Marc Novello, Élaine Laberge (Banking) Jean-Philippe Mikus, Amy Tang (Intellectual Property), Magali Cournoyer-Proulx (Labour), Marie-Andrée Thibault (Real Estate) and Jean-Philippe Therriault (Environmental). 

 

 

Involved fees earner: Ralph Aziz – Fasken Martineau; Sylvie Bourdeau – Fasken Martineau; Magali Cournoyer-Proulx – Fasken Martineau; Huy Do – Fasken Martineau; Véronique Harvey-Bertrand – Fasken Martineau; Élaine Laberge-Poirier – Fasken Martineau; Chris Margison – Fasken Martineau; Jean-Philippe Mikus – Fasken Martineau; Marc Novello – Fasken Martineau; Alain Ranger – Fasken Martineau; Robin Spillette – Fasken Martineau; Amy Tang – Fasken Martineau; Jean-Philippe Therriault – Fasken Martineau; Marie-Andrée Thibault – Fasken Martineau;

Law Firms: Fasken Martineau;

Clients: Agropur Cooperative ;

Author: Martina Bellini