MONTREAL and MARSEILLE, March 31, 2015 /CNW Telbec/ - MRRM Inc. (TSXV: MRR) ("MRRM") and Marbour S.A.S. ("Marbour") are pleased to announce the closing of the previously announced amalgamation (the "Amalgamation") of MRRM with a wholly owned subsidiary of Marbour. The Amalgamation was approved by special resolution at the special meeting of MRRM shareholders held yesterday in Montreal, Quebec.
"On behalf of everyone in the Marbour group, I welcome the MRRM teams from both Dainty Foods and Robert Reford Agency to the Marbour group. We look forward to working with MRRM to grow and develop our business across North America, combining our advantages of scale and investment capability with MRRM's expertise and market knowledge," said Jean Bourdillon, Marbour's president.
Details regarding the Amalgamation are available in MRRM's management information circular, available under MRRM's issuer profile at www.sedar.com.
MRRM expects to delist its shares from the TSX Venture Exchange shortly. An application will be submitted by the company to cease to be a reporting issuer under applicable securities laws.
MRRM Inc. is the parent company of MRRM (Canada) Inc. (which operates under the name of Les Aliments Dainty Foods), Robert Reford Agency Inc. and Dainty Foods International Inc., all wholly owned subsidiaries, which are engaged in the food industry and in the ship agency services business. Les Aliments Dainty Foods has been milling and processing rice for over a century. For more information, please visit www.daintyrice.ca.
Marbour is a privately held company based in Marseille, France. It has over 700 employees and owns and operates 14 sites in Europe, the Caribbean and the Indian Ocean. Almost 75% of Marbour's business activities are focused on the international rice business (dry rice and ready-to-eat rice) through its SIACOM business unit, and it is currently the third-largest rice producer and distributor in Europe. Marbour also has business activities in the chemicals and services (17%) as well as in the food and beverage (10%) sectors. For more information, please visit www.marbour.eu.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-looking statements contained in this press release involve known and unknown risks, uncertainties and other factors that may cause actual results, performance and achievements of MRRM Inc. to be materially different from any future results, performance or achievement expressed or implied by the said forward-looking statements.
SOURCE MRRM Inc.
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