Colabor ( (TSE:GCL) ) has shared an update.
Colabor Group Inc. has announced an agreement to acquire the food distribution assets of Alimplus Inc., excluding its stores, for $51.5 million, aiming to enhance its market position in Quebec. The acquisition is expected to significantly boost Colabor’s growth strategy by expanding its customer base, creating synergies, and providing cross-selling opportunities, while financing arrangements have been secured to support the transaction.
More about Colabor
Colabor Group Inc. operates in the food distribution industry, focusing on providing distribution services and products primarily in Quebec. Known for its strong presence in the food sector, the company supplies to customers in the restaurant, institutional, and hotel industries.
YTD Price Performance: -10.53%
Average Trading Volume: 87,156
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$86.71M
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