Under the terms of the agreement announced in December 2020, the acquisition includes the IÖGO and IÖGO nanö yogurt brands as well as the Olympic yogurt, sour cream and kefir brand.
In addition, Lactalis Canada has acquired Ultima Foods' production facilities in Granby, QC, and Delta, BC, a leased distribution center in Longueuil, QC, and a service contract with a third-party operator of a distribution center in Richmond, BC.
"Lactalis Canada's investment in Ultima Foods and its yogurt brands speaks to the significant opportunity we see in growing the yogurt category in Canada," said Mark Taylor, president & CEO, Lactalis Canada.
"With this acquisition, we expand our footprint nationally, reinforce our long-term investment in the country and the Canadian food processing sector and welcome approximately 450 employees who passionately share our dedication to providing Canadian consumers with healthy, nutritious and high-quality dairy products."