The company has driven compound net earnings growth of ~18% since its IPO in 1997. This result was achieved in the context of the low growth North American dairy industry through dramatically increasing the manufacturing and financial productivity of numerous acquired businesses. In January 2013, the company closed its largest acquisition to date (C$1.44b). Management states that available acquisition capacity is ~C$2.7b. Analysts rating is Buy–Average Risk with a target price of C$53.
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