Colabor Group Confirms the Closing of the Acquisition of Assets in the Outaouais and Laurentians Territories
April 25 2022 - 4:30PM
Colabor Group Inc. (TSX: GCL) (“Colabor” or the “Company”) confirms
the closing of the acquisition of certain assets from Ben Deshaies
inc. (“Ben Deshaies”) as announced on April 11, 2022.
The acquisition includes, in particular, Ben
Deshaies’ assets related to foodservice activities in the Outaouais
and Laurentians regions, as well as certain related equipment.
These activities represent approximately 13 million dollars in
annual revenues and will be served from a facility located in
Mont-Laurier. Ben Deshaies has been a wholesaler since 1939 and a
business partner of Colabor for many years, being a customer of
Colabor’s wholesale segment. The acquisition of this new clientele
will enable the Company to accelerate its growth in each of these
strategic territories.
About Colabor
Colabor is a distributor and wholesaler of food
and related products serving the hotel, restaurant and
institutional markets or "HRI" in Quebec and in the Atlantic
provinces, as well as the retail market. Within its two operating
segments, Colabor offers specialty food products such as fresh fish
and seafood, meat, as well as food and related products through its
Broadline activities.
Further information:
Pierre Blanchette Senior Vice President and Chief
Financial Officer Colabor Group Inc Tel.: 450-449-4911 extension
1308 investors@colabor.com |
Danielle Ste-Marie Ste-Marie Strategy and
Communications Inc. Investor Relations 450-449-0026 ext. 1180 |
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