SAINT-BRUNO-DE-MONTARVILLE, Quebec, Feb. 19, 2025 (GLOBE NEWSWIRE) — Colabor Group Inc. (TSX: GCL) (“Colabor” or the “Company“) announces today the signature of an agreement to acquire the food distribution assets of Alimplus Inc. (“Alimplus“), operating under the name Mayrand Plus, and all of the issued and outstanding shares of Tout-Prêt Inc. (“Tout-Prêt“), a subsidiary of […]
Colabor Group Inc. (TSX: GCL) has announced an agreement to acquire certain assets of Alimplus Inc., including the food distribution activities under the name Mayrand Plus and all shares of Tout-Prêt Inc., a specialist in the distribution and preparation of cut fruits and vegetables in Quebec. The acquisition price is $51.5 million, subject to adjustments. The deal includes the purchase of assets related to Alimplus' food distribution activities and a distribution agreement with Groupe Mayrand Alimentation inc. for an initial six-year term. Alimplus, a major private food distributor in Quebec, operates three warehouses and reported approximately $225 million in annual sales for the twelve-month period ended December 2024. The acquisition is expected to accelerate Colabor's growth and enhance its position as a leader in food distribution in Quebec. Financing for the transaction includes an amendment and increase of its senior secured credit facility to $95 million and a new $15 million deeply subordinated debt facility with Investissement Québec. Colabor will host a conference call on February 19, 2025, at 2pm Eastern Time to discuss the transaction.
