Special meetings - Approval of the merger of Farmers Co-operative Dairy Limited with Agropur Cooperative

BEDFORD, NS and LONGUEUIL, QC, March 13, 2013 /CNW Telbec/ - Farmers Co-operative Dairy and Agropur Cooperative are very proud to announce that they have reached a major milestone in the February agreement to merge the two dairy cooperatives.

During a special meeting held yesterday in Boucherville, the members of Agropur unanimously approved the necessary modifications to the by-laws and statutes for the agreement to be finalized. At the same time, members of Farmers Co-operative Dairy, at a special meeting, approved the merger with a vote of 97% in favour.

The merger can be completed once approvals are received from the appropriate authorities. Over the next few weeks, business teams from the two cooperatives will start work on determining how to merge their operations in order to leverage their respective strengths.

About Farmers Dairy
Farmers Dairy has been operating in Atlantic Canada for more than 90 years. Owned by 116 member dairy producers and posting annual sales of $176 million, the mission of Farmers Dairy is to provide the population of Atlantic Canada with top-quality, locally produced dairy products. Farmers Dairy is currently the number 1 brand in Nova Scotia, and its customers in Newfoundland and Labrador have embraced its Central Dairies brand for 50 years ("It's the milk we're made of"). For more information, visit the organization's website: www.farmersdairy.ca.

About Agropur
Founded in 1938, Agropur is an important player in the North American dairy industry. With sales in excess of $3.6 billion, the Cooperative is a source of pride for its 3,288 member dairy producers. Agropur processes more than 3.2 billion liters of milk per year in its 25 plants across Canada and the United States. For more information, please visit the website: www.agropur.com.

SOURCE: AGROPUR

Information - Farmers Dairy
Andrea Hickey
Marketing and Communications Manager
Telephone: [phone], extension 4064

Information- Agropur Cooperative
Marc Labelle
Public Relations and Communications Director
Telephone: [phone], extension 4560