MONTREAL, Jan. 15, 2013 /CNW Telbec/ - La Coop fédérée and Groupe BMR
have confirmed that discussions are currently underway towards an
eventual business relationship.
These discussions are being held in an active business context for
Quebec distributors and retailers specializing in hardware, renovation,
agricultural machinery and gardening products.
In the event that a formal agreement is reached, members, management and
employees of both organizations and their affiliates will be informed
In order to maintain confidentiality during these developments, La Coop
fédérée and Groupe BMR will not provide comments at present relating to
the ongoing discussions.
About La Coop fédérée
Founded in 1922, La Coop fédérée is the largest agri-food company in
Quebec, and ranks amongst the 100 largest co-operatives and mutual
societies in the world, across all sectors. It is owned by over 100,000
members grouped into 102 cooperatives located in several Canadian
provinces. La Coop fédérée is present throughout the agri-food chain
and, as well as being a wholesaler, it also provides agricultural
producers with all the goods and services they require for their
farming operations. The network has five brands: Elite and La Coop
(animal and crop production, grain marketing), Unimat (hardware and
farm machinery), Sonic (energy) and Olymel (meat processing). La Coop
fédérée employs over 9,500 people with sales totalling over $5 billion.
www.lacoop.coop and twitter.com/LaCoop_federee.
About Groupe BMR
Founded in 1967, BMR today is a group of independent dealers that
operate 187 home renovation and hardware centres in Quebec, Ontario,
the Maritime Provinces and on the French islands of Saint-Pierre &
Miquelon. Retail sales for BMR members are estimated at over $1.3
billion per year and some 5,000 people work in bannered stores. BMR is
the second leading banner in Quebec's renovation industry. www.bmr.co
SOURCE: La Coop fédérée
For further information:
Ben Marc Diendéré
La Coop fédérée
Telephone: 514 710-9772