Cracker Barrel Parent Lactalis Canada to Buy Agropur's Fine Cheese Division
The deal adds two Quebec facilities and about 400 employees as Lactalis Canada expands its specialty cheese portfolio.
- On Wednesday, Lactalis Canada Inc announced a definitive agreement to acquire Agropur Cooperative's fine cheese division, including Quebec-made brands OKA, Monsieur Gustav and L'Extra, two production facilities and fine cheese import activities.
- Lactalis Canada has completed four major acquisitions since 2018, including the $1.62 billion purchase of Kraft Heinz's natural cheese business—the largest transaction in the Canadian dairy sector—positioning the company as the third largest branded CPG in Canada.
- Mark Taylor, President & CEO of Lactalis Canada, said the transaction reflects the company's ambition to lead through investment in capacity building, while Emmanuel Besnier, Chairman of Lactalis Group, called it 'a major opportunity to build on flagship Quebec brands.'
- The deal remains subject to Competition Bureau Canada approval and customary closing conditions, with financial terms undisclosed; Taylor emphasized Lactalis Canada's commitment to preserving the heritage brands' authenticity and supporting Oka and Saint-Hyacinthe communities.
- Lactalis Canada operates more than 30 sites across Canada and processes approximately 2.2 billion litres of 100% Canadian milk annually, supported by more than $900 million in capital investments including a zero-carbon-ready distribution centre in Oshawa, Ontario.
17 Articles
17 Articles
Lactalis Canada Acquires Agropur’s Fine Cheese Division
TORONTO — Lactalis Canada Inc., part of France based Lactalis Group, announced on July 15 that it has reached a definitive agreement with Agropur Cooperative to acquire assets of its fine cheese division including Quebec-made brands OKA, Monsieur Gustav and L’Extra, two production facilities as well as its fine cheese import activities. The acquisition is subject to customary closing conditions and approval by Competition Bureau Canada. Financia…
Lactalis acquires Agropur’s fine cheese division
Lactalis Canada reaches a definitive agreement with Agropur Cooperative to acquire assets of its fine cheese division including Quebec-made brands OKA, Monsieur Gustav and L’Extra, two production facilities as well as its fine cheese import activities. The acquisition is subject to customary closing conditions and approval by Competition Bureau Canada. These artisanal cheeses enhance Lactalis Canada’s portfolio of specialty and core cheese brand…
Winnipeg Free Press
Cracker Barrel parent Lactalis Canada to buy Agropur's fine cheese division
TORONTO - Cracker Barrel parent company Lactalis Canada Inc. says it is acquiring Agropur Co-operative's fine cheese division as well as its fine cheese import activities.
With this acquisition, "Lactalis is increasing its presence in Canada (the group's third-largest market) and strengthening its leading position in the cheese segment," the company stated in a press release. The French group declined to disclose the purchase price of this division, which generates approximately €115 million (C$180 million) in revenue. Specifically, the acquisition includes three Quebec cheese brands: Monsieur Gustav, OKA, and L…
The cheeses OKA, Gustav and L-Extra will continue to be produced by the French multinational.
Lactalis Canada Advances Canadian Dairy Leadership Position With Strategic Acquisition of Agropur's Fine Cheese Division
Transaction includes renowned Quebec-made brands OKA, Monsieur Gustav and L’Extra, two production facilities and fine cheese import activities TORONTO, July 15, 2026 (GLOBE NEWSWIRE) — Lactalis Canada Inc (‘Lactalis Canada’), the Canadian dairy leader behind emblematic brands including Cracker Barrel, Black Diamond, Balderson, Astro and Lactantia, and part of France based Lactalis Group – today […]
Coverage Details
Bias Distribution
- 67% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
