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.
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For further information: Colabor Group Inc. Gilles C. Lachance | Michel Loignon, CA | MaisonBrison Inc. Martin Goulet, CFA |
President and Chief Executive | Vice-President and | Senior Vice-President, |
Officer | Chief Financial Officer | Investor Relations |
Tel. 450-449-0026 ext. 265 | Tel. 450-449-0026 ext. 235 | Tel. 514-731-0000 ext. 229 |
Fax 450-449-6180 | Fax 450-449-6180 | Fax 514-731-4525 |
1620, boulevard De Montarville, Boucherville, Quebec J4B 8P4
Telephone: 450-449-4911 Fax: 450-449-6180 www.colabor.com
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COLABOR GROUP COMPLETES ACQUISITION OF VIANDES DÉCARIE INC. |