Main Street Ingredients: Acquired by Agropur

Media Contact: Bill Schmitz, President, (608) 781-2345, bill.s@mainstreetingredients.com

La Crosse, WI – Main Street Ingredients announced today that it has officially signed an acquisition agreement with Agropur, Canada’s largest dairy cooperative.

“Becoming part of the Agropur organization gives Main Street Ingredients broader resources and expertise to continue its impressive growth and innovation, serving food industry customers around the world,” says Main Street’s current CEO, Dave Clark.

Main Street will operate under its own licensed name and will continue to be overseen by the current president, Bill Schmitz. The operation and employees in La Crosse will remain the core of the Main Street Ingredients business.

“This most recent acquisition represents a great fit with our current operations and will allow us to keep building a strong foundation for continued growth,” reported Agropur’s CEO, Pierre Claprood. Agropur cooperative is a Canadian dairy industry leader, with over 5,600 employees and 27 plants in Canada, the U.S. and Argentina.

Within the Agropur organization, Schmitz will report to the Vice-president, Sales for Cheese and Functional Products, Sylvain Melancon. “Main Street Ingredients is in direct line with our strategic plan and will allow us to develop that specific niche,” added Melancon.

About Main Street Ingredients

Main Street Ingredients is a leader in providing high quality food ingredients to the dairy, nutritional and food processing industries. Applications include ice cream, frozen desserts, cheese, bakery, nutritional beverages, confections, and more. The corporate office and manufacturing facilities are located in La Crosse, WI with distribution outlets across North America. Recognized for its functional stabilizer systems, expertise in proteins, private-label nutritional systems and custom-formulated blends, Main Street Ingredients provides innovative concepts to customers worldwide. Main Street Ingredient’s manufacturing facility is USDA and Grade A, rated superior by the American Institute of Baking, certified by GMA-SAFE, GMP certified by NSF, Kosher compliant and certified Organic. For more information, visit us at http://www.mainstreetingredients.com.

About Agropur

Founded in 1938, Agropur cooperative is a Canadian dairy industry leader, with $ 3.4 billion in sales. It has 3,459 shareholders and further to this latest acquisition, 5,626 employees distributed among its 27 plants and numerous distribution centres and offices across Canada, the U.S. and Argentina. It processes 6.8 billion pounds of milk annually and offers an impressive array of products, including such popular brands as Schroeder, Quebon, Oka, Sealtest, Natrel, Island Farms, Yoplait and La Lacteo. For more information: http://www.agropur.com.