Skip to main content

Colabor Group Confirms the Closing of the Acquisition of Assets Related to the Foodservice Sector

Written by Customer Service on . Posted in Mergers And Acquisitions.

SAINT-BRUNO-DE-MONTARVILLE, Quebec, March 15, 2024 (GLOBE NEWSWIRE) — Colabor Group Inc. (TSX: GCL) (“Colabor” or the “Company”) confirms the closing of the acquisition of certain assets from Beaudry & Cadrin Inc. (“Groupe Beaudry”), as announced on February 29.

The acquisition includes assets related to foodservice activities (restaurants, hotels, institutions and others for on-site consumption by customers) in Quebec of Groupe Beaudry, and the related inventories. These activities represent approximately 15 million dollars in annual revenues and will be served mainly from our facility located in Saint-Nicolas. Groupe Beaudry has been a distributor since 1899 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 consolidate its presence in Eastern Quebec.

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

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Cookie Notice

We use cookies to improve your experience on our website

Information we collect about your use of Goldea Capital website

Goldea Capital website collects personal data about visitors to its website.

When someone visits our websites, we use a third party service, Google Analytics, to collect standard internet log information (such as IP address and type of browser they’re using) and details of visitor behavior patterns. We do this to allow us to keep track of the number of visitors to the various parts of the sites and understand how our website is used. We do not make any attempt to find out the identities or nature of those visiting our websites. We won’t share your information with any other organizations for marketing, market research or commercial purposes and we don’t pass on your details to other websites.

Use of cookies
Cookies are small text files that are placed on your computer or other device by websites that you visit. They are widely used to make websites work, or work more efficiently, as well as to provide information to the owners of the site.