Under the decisive leadership of CEO Émile Cordeau, Agropur launched a comprehensive recovery plan dubbed “Agropur, One!” and later “Agropur, Together!” This multi-faceted strategy, initiated around 2019-2020, involved a rigorous streamlining of operations and a clear focus on core competencies. Key actions included the divestment of non-strategic assets, such as Ultra-fluid milk processing and certain cheese plants, enabling the co-op to shed substantial financial burden and improve its balance sheet, a critical step in restoring dairy economics stability.

The results of this strategic pivot have been transformative. Agropur significantly reduced its debt, moving from a peak of approximately $2.7 billion down to a more manageable $1.2 billion. This dramatic deleveraging has not only stabilized the co-operative’s financial health but also paved the way for renewed profitability. The emphasis shifted towards enhancing efficiency across its value chain and prioritizing high-value segments, particularly cheese and fine ingredients, where Agropur holds strong market positions.

Looking ahead, Agropur is now setting its sights on future growth, grounded in a reinforced foundation. The strategy revolves around fostering innovation in dairy products, focusing on value-added offerings that resonate with evolving consumer demands. The co-operative aims to solidify its market share in its core categories, leveraging its streamlined operations and improved financial standing to capture new opportunities across North America. This proactive approach underscores its ambition to remain a leading player in the competitive dairy industry.