Colabor Group Announces the Closing of the Sale of Viandes Décarie
May 13 2019 - 6:50AM
Colabor Group Inc. (TSX: GCL) (“Colabor” or the “Corporation”)
today announces that it has closed the sale of the assets of
Viandes Décarie to 9395-8098 Québec inc., a company belonging to
Éric Riendeau’s group, for an aggregate amount of $20 million,
subject to certain adjustments, effective May 11, 2019 at midnight.
Viandes Décarie is a specialty wholesaler in the
meat and meat products market. The execution of an agreement
to sell the assets of Viandes Décarie was initially disclosed in a
press release issued by the Corporation on May 7, 2019.
Forward-Looking Statements
This 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), such as the risk of
dilution for existing shareholders. 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 Colabor
Colabor is a distributor and wholesaler of food
and related products serving the hotel, restaurant and
institutional markets or “HRI” in Quebec, Ontario and in the
Atlantic provinces, as well as the retail market (grocery stores
and convenience stores). Within its two operating segments, Colabor
offers specialty food products such as meat, fresh fish and
seafood, as well as food and related products through its Broadline
activities.
Further information:
Danielle Ste-Marie Ste-Marie stratégies et
communications inc. Relations avec les investisseurs Tél :
450-449-0026 poste 1180 Télec. : 450-449-6180
investors@colabor.com
Colabor (TSX:GCL)
Historical Stock Chart
From Mar 2024 to Apr 2024
Colabor (TSX:GCL)
Historical Stock Chart
From Apr 2023 to Apr 2024