- Colabor Group (GCL) is acquiring certain assets in the Outaouais and Laurentian regions of Quebec
- The company is purchasing the assets from Be Deshaies
- The sale is effective April 22
- The assets represent approximately $13 million in annual revenues and will be served from a facility located in Mont-Laurier, Quebec
- Colabor Group is down 1.18 percent, trading at $0.84 at 10:52 a.m. ET
Colabor Group (GCL) is acquiring certain assets in the Outaouais and Laurentian regions of Quebec.
The company is acquiring the assets from Ben Dehsaies Inc.
The assets are related to foodservice activities in the Outaouais and Laurentians regions of Quebec, as well as certain related equipment.
The assets represent approximately $13 million in annual revenues and will be served from a facility located in Mont-Laurier, Quebec.
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 company expects the acquisition of the new clientele 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 Colabor President and CEO Louis Frenette.
“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.”
Colabor is a distributor and wholesaler of food and related products serving the hotel, restaurant and institutional markets in the Atlantic Provinces.
Colabor Group is down 1.18 percent, trading at $0.84 at 10:52 a.m. ET.