date:Jul 16, 2014
Canada-based Agropur Cooperative has agreed to purchase Northumberland Dairy Cooperative's dairy and food distribution assets.
The transaction, which is subject to certain regulatory approvals and other customary closing conditions, includes the Miramichi plant in New Brunswick which processes 27 million liters of milk annually.
As per the agreed terms, Agropur will also acquire Northumberland's distribution centers and its brands. However, Northumberland will retain its hardware and building