BOUCHERVILLE, QC, Jan. 6, 2012 /CNW Telbec/ - Colabor Group Inc. (TSX:
GCL) ("Colabor" or the "Company") today announced the closing of the
acquisition of the assets of Viandes Décarie Inc., a leading wholesaler
and distributor of meat and meat products.
Viandes Décarie, established in 1994, had sales of close to $70 million
in the 12 months ended April 30, 2011. Operating from its
27,000-square-foot warehouse at Anjou, Quebec, Viandes Décarie is a
wholesaler and distributor of a wide range of fresh and frozen meat
including beef, veal, lamb, pork and poultry. It has a diversified
customer base of foodservice distributors, food retailers and specialty
butchers, located mainly in Quebec. Viandes Décarie's facilities employ
Hazard Analysis and Critical Control Points (HACCP) systems to maintain
the highest standards of safety and health in food processing. The
company also holds a federal permit giving it the opportunity to sell
its products across Canada.
This transaction, Colabor's second in less than 12 months in the "centre
of the plate" meal solutions category, enables the Company to broaden
its product offering and expand its customer base. The acquisition was
financed from the Company's available credit facilities.
Colabor is a wholesaler and distributor of food and non-food products
serving the retail market (grocery stores, convenience stores, etc.)
and the foodservice market (cafeterias, restaurants, hotels, restaurant
chains, etc.), in Quebec, Ontario and the Atlantic provinces.
This news release may contain forward-looking statements reflecting the
opinions or current expectations of Colabor Group Inc. concerning its
performance and business operations and future events. These statements
are subject to risks, uncertainties and assumptions. Actual results or
events may differ.
SOURCE COLABOR GROUP INC.
For further information:
| Colabor Group Inc. || || MaisonBrison Inc. |
| || || |
| Gilles C. Lachance |
President and Chief Executive
Tel. 450-449-0026 ext. 265
| || Michel Loignon, CA |
Chief Financial Officer
Tel. 450-449-0026 ext. 235
| || Martin Goulet, CFA |
Tel. 514-731-0000 ext. 229