New Strategic and Modern Facilities for Colabor Group
September 29 2022 - 7:30AM
Colabor Group Inc. (TSX : GCL)
(“
Colabor” or the “
Company”), a
leading distributor of food and related products serving the Quebec
and Atlantic Canada markets, announces today that, by the end of
2023, it will be moving its Boucherville head office and warehouse
to new facilities in the Saint-Bruno-de-Montarville Industrial
Ecopark, near its current location. The new industrial premises
will be more modern, better located for operations, and will offer
a stimulating work environment, ideal for the well-being of
employees.
"Colabor has been in business for over 60 years.
Today's announcement marks the beginning of a new chapter in our
history as we set out to accelerate the implementation of our
strategic plan," said Louis Frenette, President and CEO of Colabor.
This move will be beneficial for Colabor and its employees, as well
as for its clients and partners.
A building that meets Colabor's current
and future needs
The premises developed by the Montoni Group and
leased by Colabor are subject to a long-term agreement and fully
comply with the Company's needs. They will be strategically located
at the intersection of Highway 30 and Route 116, near public
transportation, including the Saint-Bruno train station. The goal
is for all buildings to obtain LEED and Net Zero Carbon
certifications. In addition, the new facilities will offer a
multitude of services valued by workers in the Industrial Ecopark.
"Employee well-being and customer satisfaction are at the heart of
this promising and inspiring eco-responsible real estate project
offering important growth opportunities," adds
Mr. Frenette.
Scheduled for the fourth quarter of 2023, the
relocation of our facilities is an ambitious and strategically
significant project for Colabor. The entire Company has engaged in
rigorous and structured planning to ensure the best transition for
everyone.
Forward-looking statementsThis
news release contains certain statements that may be deemed to be
forward-looking statements reflecting the opinions or current
expectations of Colabor Group Inc. concerning its performance,
business operations and future events. Such statements are subject
to risks, uncertainties and assumptions and the analysis of the
debt structure and available alternatives, and risks mentioned in
the Corporation’s annual information form found under its profile
on SEDAR (www.sedar.com). As such, these statements are not
guarantees of future performance, and actual results, realities or
events may differ materially. Except as required by law, the
Corporation assumes no obligation to update these forward-looking
statements in the event that management’s beliefs, estimates or
opinions or other factors change.
About ColaborColabor is a
distributor and wholesaler of food and related products serving the
hotel, restaurant and institutional markets or “HRI” in Quebec,
Ontario and the Atlantic provinces, as well as the retail market
(grocery stores and convenience stores). The Boucherville facility
houses the group's head office and its sales operations. Colabor
also operates other facilities in the province of Quebec where its
distribution activities are carried out. 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.
For further information :
Pierre BlanchetteSenior Vice President and Chief
Financial Officer Colabor Group Inc.450-449-4911 ext.
1308investors@colabor.com |
Danielle Ste-MarieSte-Marie Strategy and
Communications Inc.Investor Relations450-449-0026 ext. 1180 |
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