Colabor Group Inc. Strengthens Market Position with $49.75 Million Acquisition of Tout-Prêt
- Colabor Group Inc. acquires food distribution assets from Alimplus Inc. for $49.75 million, enhancing its market position.
- The acquisition of Tout-Prêt is expected to generate $225 million in annual sales, boosting Colabor's distribution capabilities.
- Colabor secures a six-year distribution agreement with Groupe Mayrand Alimentation, ensuring ongoing collaboration and revenue flow.
Colabor Group Inc. Expands Distribution Footprint with Strategic Acquisition
Colabor Group Inc. finalizes a significant acquisition that bolsters its position in the food distribution sector. The company acquires specific food distribution assets from Alimplus Inc., which operates under the name Mayrand Plus, along with the outstanding shares of its subsidiary, Tout-Prêt Inc. This acquisition, initially announced in February 2025, is completed for a revised total consideration of $49.75 million. This figure reflects a decrease from the previously estimated $51.5 million, highlighting the company’s proactive approach in managing transaction costs. The acquisition is particularly strategic as it includes the distribution activities of Tout-Prêt, a firm known for its cut fruits and vegetables, a segment that has seen increasing demand in Quebec’s market.
The assets acquired are expected to generate approximately $225 million in annual sales for the twelve-month period ending December 2024. This substantial revenue potential underscores Colabor’s strategy to enhance its distribution capabilities across various sectors, including hotels, restaurants, institutions, and retail outlets in Quebec and the Atlantic provinces. By integrating Tout-Prêt’s operations, Colabor aims to streamline its supply chain, improve product offerings, and ultimately deliver greater value to its customers. Notably, the deal excludes the four stores of Groupe Mayrand Alimentation inc., but Colabor has secured a six-year distribution agreement with them, ensuring continued collaboration and revenue flow.
Colabor’s management emphasizes the anticipated synergies from this acquisition as a key driver for achieving its corporate objectives. However, the company acknowledges that these forward-looking statements are subject to inherent risks and uncertainties that could influence results. The acquisition reflects Colabor’s commitment to expanding its market presence and adapting to evolving consumer preferences, particularly in the fresh food segment. Through this strategic move, Colabor positions itself to better serve its diverse clientele while reinforcing its status as a leading food distributor in the region.
In addition to this acquisition, Colabor Group Inc. has entered into financing agreements to support the transaction, demonstrating its strategic intent to invest in growth opportunities. The company remains focused on delivering a wide range of specialty food products to its customers, underscoring its dedication to quality and service in the competitive food distribution landscape. As Colabor continues to expand its operations, it is set to play a pivotal role in shaping the future of food distribution in Quebec and beyond.
