February 11, 2009 10:00 ET

70th annual general meeting - Agropur rounds out another successful year marked by several acquisitions

LONGUEUIL, QC, Feb. 11 - Agropur posted good financial
results in 2008, reaching sales of $2.8 billion and earnings before patronage
dividends and taxes of $121.3 million.

ÀAccording to Agropur CEO Pierre Claprood, "Agropur is in good financial
health and has all the tools it needs to face current and future challenges.
Our priority is to continue to develop the Cooperative while maintaining, and
even improving, this enviable position."

Today's Agropur is the result of several mergers and acquisitions over
the years. While maintaining its impressive financial results, the Cooperative
pursued its expansion in 2008, both in Canada and abroad. The company was
expanded by the addition of the joint venture La Lacteo in Argentina, Trega
Foods in the United States, Laiterie Lamothe in Quebec, and more recently,
Schoeder Milk, also in the U.S. These acquisitions are part of Agropur's
development strategy, and other expansion projects are currently being

"The year 2008 marked 70 years of existence for Agropur, and we are proud
of our cooperative's achievements over that period. "The Cooperative had no
borders, declared Agropur's founders. They dreamt big and with just cause:
they wanted to found an organization without borders and this is precisely
what Agropur has become," added Agropur President Serge Riendeau.

Ever on the forefront of market trends, Agropur stood out again last year
by launching innovative products, such as Oka L'Artisan cheese, filtered
Natrel Nature~Pure organic milk and Yoplait Minigo immuni+ Jr. fresh cheese.

Founded in 1938, Agropur cooperative is a market leader of the Canadian
dairy industry. It has 3,615 members and close to 5,000 employees distributed
among its 26 plants and numerous distribution centres and offices across
Canada, the U.S. and Argentina. It processes over 2.2 billion litres of milk
annually and offers an impressive array of products, including such popular
brands as Québon, Oka, Sealtest, Natrel, Island Farms, Yoplait, La Lacteo,
Trega and Schroeder.

Contact Information

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