GFM Network News


Agropur to take control of Iogo, Olympic yogurt maker

Ultima Foods, the Canadian maker of Iogo and Olympic yogurt products, is set to become the sole property of Quebec dairy producers’ co-op Agropur. Agropur and Agrifoods International Co-operative, which combined their yogurt manufacturing and marketing operations in 1993 to form Ultima as a 50-50 joint venture, announced a deal Thursday which will see Agropur […] Read more

Iogo maker to ramp up drinkable yogurt production

The yogurt-making joint venture of dairy co-ops Agropur and Agrifoods International plans to boost its drinkable yogurt output by adding another production line in Quebec’s Monteregie. Ultima Foods announced last week it will put up $10.8 million of its own funds plus a $3.6 million interest-free loan from Investissement Quebec, the investment arm of the […] Read more


Agropur raises 2016 sales, patronage dividends

Acquisitions and cost-cutting have combined to boost dairy co-operative Agropur’s year-end bottom line — and to raise its total patronage dividends for the year by 50 per cent. The Quebec co-operative, which in 2016 landed on Rabobank’s list of the world’s 20 largest dairy companies for the first time, booked net earnings before patronage and […] Read more