Longueuil, QC, Nov. 8 - Agropur cooperative, Canada's largest dairy cooperative and Adecoagro, a leading food and renewable energy producer with operations in Argentina, Brazil and Uruguay, are proud to announce an agreement to form a joint venture to develop new dairy business in South America.
Both Adecoagro and Agropur share a strong link with milk production activity, directly as a producer in the case of Adecoagro and through its members in the case of Agropur. As a result of such association between two similar but complementary backgrounds, the joint venture will benefit from the combination of Agropur's industrial and commercial know-how in the international dairy markets and Adecoagro's expertise in sustainable and efficient production.
The joint venture will focus its first efforts in Argentina, although its long term scope will not necessarily be limited to that country.
About Adecoagro
Adecoagro, founded in 2002, is strongly oriented towards administration through values. Through sustainable production systems, cutting edge technology and risk diversification, Adecoagro is seeking to become the lowest cost producer, of ethanol, milk, sugar, grains, rice, coffee, cotton and beef in Argentina, Brazil and Uruguay.
About Agropur
Founded in 1938, Agropur cooperative is a leader in the Canadian dairy industry, with sales of $2.3 billion. It has 3,939 members, 4,300 employees and 21 plants, as well as numerous distribution centers across the country. It processes over 2 billion litres of milk per year and offers an impressive product line, including such famous Canadian brands as Québon, Oka, Sealtest and Natrel.