Over the summer, Agropur acquired a minority share in the Australian dairy ingredient company, ProviCo. This agreement allows the Cooperative to strengthen its competitiveness and promote its long-term growth. Agropur will become the distributor of ProviCo products, which will also enable it to develop new markets by distributing ProviCo products. This deal is beneficial for Agropur members, as having access to new cutting-edge technologies in value-added ingredients will allow the Cooperative to optimize its North American operations. Although Agropur will participate in the general governance of ProviCo, the latter remains an independent company from Agropur, and there will be no integration of operations or personnel. 

Over the past few years, ProviCo went from a commodity ingredients company to a company with high value-added ingredients. They were able to make this shift thanks to the use of a new and advanced technology that offers higher yields than other technologies on the market. For example, the Australian company is currently developing lactoferrin, a dairy ingredient used in making baby formula. 

To get a full picture of the ingredients category, its features and market trends for the Cooperative, you can watch a webinar on the meetings that were held in the spring, you can watch a webinar on the meetings that were held in the spring, “At the Heart of Milk Components,” with Maxime Devourdy, Agropur President, Ingredients and Corporate Strategy.  

Over the coming weeks, the goal of Cooperative’s ingredients team is to develop synergies with ProviCo in order to sell their products as quickly as possible and better serve our customers in the region.