PEI's Amalgamated Dairies Limited Becomes Member-Owner of The Co-operators
Feb 5, 2008
GUELPH, ON, Feb. 5 /CNW/ - The Co-operators is pleased to announce that Amalgamated Dairies Limited (ADL) has been approved for membership in the insurance and financial services co-operative. ADL joins the ranks of a number of agricultural organizations from Atlantic Canada, forming the group of co-operatives, credit unions and like-minded organizations that make up the ownership group of The Co-operators Group Ltd. "We are delighted to welcome Amalgamated Dairies Limited as a new member-owner of The Co-operators," said Kathy Bardswick, president and CEO of The Co-operators. "The Co-operators has strong agricultural and rural roots in Canada. Through the years, the organization has forged strong relationships with our agricultural members in different regions across the country, and we look forward to continuing to do the same in the Atlantic with ADL." Founded in 1953, ADL now has annual revenues of $120 million. The organization is known for having strengthened the Prince Edward Island dairy industry through the years by consolidating many aspects of the Island industry including production, transportation and processing under the control and direction of member owners. Today, ADL accepts milk shipments from its members and manufactures and processes dairy products under the ADL label as well as other private and store-brand labels. ADL has a continual focus on producing diverse varieties of high quality cheeses in addition to many other fine dairy products. A co-operative is owned and democratically controlled by members who use its services or products. The Co-operators 40 member-organizations are based from coast to coast to coast, representing the agriculture, finance, retail/consumer, service, health, and labour sectors of Canada's economy. About The Co-operators: The Co-operators is the leading Canadian-owned multi-product insurance company, offering home, auto, travel, life, group, commercial and farm insurance, as well as investment products. With assets of $7 billion, The Co-operators is a co-operative owned by 40 Canadian co-operatives, credit unions and like-minded organizations. Well known for community involvement, The Co-operators is listed among the 50 Best Employers in Canada.
For further information: Leonard Sharman, The Co-operators, 1-877-795-7272, ext. 2707