AMPI reports $1.7 billion in sales
BLOOMINGTON – Associated Milk Producers Inc. (AMPI) delivered sales of $1.7 billion and earnings of $9.3 million in 2012, according to information released by the milk marketing cooperative.
AMPI is owned by 2,900 Upper Midwest dairy farmers.
AMPI’s core products were the cooperative’s top performers in 2012. Cheese production, which represents 57 percent of total sales, grew by more than 11 million pounds as compared to one year earlier. Butter production continued to grow steadily, increasing 5 million pounds. Consumer-packaged cheese and butter represented nearly half of the cooperative’s sales.
Strengthening the cooperative’s manufacturing portfolio, with a renewed focus on cheese, butter and powdered dairy products, led to the sale of two businesses in 2012. They were the Cass-Clay plant and brand in Fargo, N.D., and the plant in Dawson, Minn., which produced cheese sauce and pudding. These two businesses accounted for only 5 percent of AMPI’s total annual revenue, according to a press release.