COLABOR GROUP COMPLETES ACQUISITION OF THE ASSETS OF RTD DISTRIBUTIONS LTÉE
21 Setembro 2010 - 5:33PM
PR Newswire (Canada)
BOUCHERVILLE, QC, Sept. 21 /CNW/ -- BOUCHERVILLE, QC, Sept. 21 /CNW
Telbec/ - Colabor Group Inc. (TSX: GCL) ("Colabor" or the
"Company") today announced the closing of the acquisition of the
assets of RTD Distributions Ltée ("RTD"), one of Colabor's largest
affiliated distributors in eastern Quebec. The assets acquired
include 100% ownership of Transport Paul-Émile Dubé Ltée and shares
held by RTD in the equity of Colabor Investments Inc., representing
3.85% of the equity of Colabor Investments Inc. RTD, founded in
1949, specializes in the distribution of food and non-food products
serving grocery stores, convenience stores, hotels, restaurants and
institutional customers in the Lower St. Lawrence and Gaspé
regions, in parts of the North Shore and Lower North Shore regions
and in northeastern New Brunswick. RTD operates a
120,000-square-foot distribution centre at Rimouski and its fleet
of more than 50 trucks supplies more than 10,000 products to
approximately 2,500 customers at locations throughout its
territory. RTD sales were approximately $112 million in its fiscal
year ended January 31, 2010 and the acquisition of this affiliated
distributor brings its operating margins within Colabor. The
transaction was financed from credit facilities available to the
Company. RTD further strengthens Colabor's presence in eastern
Quebec and will bring appreciable synergies in procurement,
operations and transport. ABOUT COLABOR 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. FORWARD-LOOKING
STATEMENTS This release may contain forward-looking statements
reflecting Colabor's opinions or current expectations concerning
Colabor's and RTD's business operations and future events. These
statements are subject to risks, uncertainties and assumptions.
Actual results or events may differ. Colabor Group Inc.: Gilles C.
Lachance, President and Chief Executive Officer, Tel. 450-449-0026
ext. 265, Fax 450-449-6180, glachance@colabor.com; Michel Loignon,
CA, Vice-President and Chief Financial Officer, Tel. 450-449-0026
ext. 235, Fax 450-449-6180, mloignon@colabor.com; MaisonBrison
Inc.: Martin Goulet, CFA, Senior Vice-President, Investor
Relations, Tel. 514-731-0000 ext. 229, Fax 514-731-4525,
martin@maisonbrison.com
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