February 14, 2007 12:00 ET

68th Annual General Meeting - Agropur ends fiscal 2006 with record earnings of $110 million

MONTREAL, Feb. 14 - By ending fiscal 2006 with earnings
before patronage dividends and income tax of $110 million and consolidated
sales of $2.3 billion, Agropur Cooperative has all the tools necessary to
pursue its development and conquer new markets.

"The Cooperative posted another fine performance in fiscal 2006. The
results for this year will undoubtedly allow Agropur to continue its
development on the domestic market, as well as on international markets, where
the organization plans to position itself to take advantage of the growing
international dairy industry," said Chief Executive Officer, Pierre Claprood.
"'The Cooperative has no boundaries', said Agropur's founders in 1938.
This same spirit continues to fuel the organization's desire to expand," added
the Chairman, Serge Riendeau.

During fiscal 2006, Agropur announced an investment of over $40 million
for the construction of a warehouse complex housing the distribution centers
of its two cheese divisions, an administrative centre for the Fine Cheese
Division and a state-of-the-art research and development centre, thereby
making the Montreal borough of Longueuil the Cooperative's main place of

Through Division Natrel, the organization once again demonstrated its
sense of innovation by launching Natrel Pro, the first milk in Canada to
contain two active probiotic bacteria that promote intestinal health and
strengthen the body's natural defences. In the same vein, its joint venture,
Ultima Foods, created Yoptimal immuni+, the only yogurt to offer a unique
combination of two complementary active probiotic cultures and natural fruit
and green tea extracts containing polyphenols, powerful antioxidants useful in
the maintenance of good overall health.

Founded in 1938, Agropur Cooperative is a leader in the Canadian dairy
industry. It has some 3,939 members, over 4,000 employees and 21 plants, as
well as several distribution centers throughout the country. It processes
nearly two billion litres of milk per year and offers an impressive product
line, including the famous Québon, Oka, Sealtest, Yoplait, Natrel and Island
Farms labels.

Contact Information

  • Renée-Claude Boivin, Senior Advisor,
    Communications and Public Relations, (450) 928-5454, ext. 4564, Cell: (514)