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BOUCHERVILLE, Quebec, April 25, 2022 (GLOBE NEWSWIRE) — Colabor Group Inc. (TSX: GCL) (“Colabor” or the “Company”) confirms the closing of the acquisition of certain assets of Ben Deshaies inc. (“Ben Deshaies”) as announced on April 11, 2022.
The acquisition notably includes the assets of Ben Deshaies related to restaurant activities in the Outaouais and Laurentides regions, as well as certain related equipment. These activities represent approximately $13 million in annual revenue 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 allow the Company to accelerate its growth in each of these strategic territories.
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About Collabor
Colabor is a distributor and wholesaler of food and related products serving the hotel, restaurant and institutional or “HRI” markets in Quebec and 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, and related food and products through its Broadline operations.
Further information :
| Pierre Blanchett
Senior Vice President and Chief Financial Officer |
Danielle Ste-Marie
Ste-Marie Strategy and Communications Inc. |
