Colabor Announces the Acquisition of Assets in the Outaouais and Laurentians Territories
April 11 2022 - 01:30PM
Colabor Group Inc. (TSX: GCL) (“Colabor” or the “Company”) is
pleased to announce the completion of the acquisition of certain
assets from Ben Deshaies inc. (“Ben Deshaies”) at the effective
date of April 22, 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.
“We are proud of this acquisition and to welcome
these new customers into Colabor,” said Louis Frenette, President
and CEO of Colabor. “Our commitment is to offer to these new
customers, as well as to our current clientele, an exceptional
service and a dedicated team to serve them. Customers acquisition
in those key territories fits perfectly into our growth plan for
the coming years and the development of new territories in Western
Quebec.”
“The Deshaies family is pleased to enter into an
agreement with Colabor. We are assured that our customers will be
in good hands and that they will find the same quality of service
from a long-standing partner,” said Francis Deshaies, President and
CEO of Ben Deshaies.
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.
About Ben Deshaies
Ben Deshaies Inc. provides wholesale services to
businesses in the food service and retail industries. With a large
and ever-growing variety of products, Ben Deshaies serves a vast
territory in northern Quebec up to Iqaluit, via northern Ontario
and James Bay.
Further information:
Pierre BlanchetteSenior Vice President and Chief
Financial Officer Colabor Group IncTel.: 450-449-4911 extension
1308investors@colabor.com |
Danielle Ste-MarieSte-Marie Strategy and
Communications Inc.Investor Relations450-449-0026 ext. 1180 |
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