Colabor Group completed the acquisition of certain assets of Alimplus for $50m.

Colabor Group, a distributor and wholesaler of food and related products, completed the acquisition of certain assets of Alimplus, a distributor serving food industry, for $50m. "The Acquisition of Alimplus' distribution activities significantly accelerates our growth plan and positions us as a Quebec leader in food distribution. Highly strategic, this Acquisition allows us to acquire a customer base in coveted territories, create synergies and offer cross-selling opportunities, particularly with our private brand and Tout-Prêt's products. The Colabor family is growing, together we have everything in hand to become the essential reference for all food artisans in Quebec," Mr. Louis Frenette, Colabor President and CEO.