Sobeys to sell Safeway dairy assets

Sobeys on Wednesday said it had reached an agreement with Agropur Cooperative by which Agropur will acquire Sobeys’ dairy manufacturing facilities in Western Canada and supply milk, yogurt, and ice cream to Sobeys, Safeway and IGA stores in the West under long-term supply arrangements.

The purchase price of $334 million (U.S.) million includes the sale of manufacturing facilities located in Edmonton, Alberta, and Winnipeg, Manit

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