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Colabor Group Inc. Provides Update on Its SISP
Globenewswire· 2026-03-27 03:54
Core Viewpoint - Colabor Group Inc. is progressing with its sale and investment solicitation process under court supervision, having accepted four binding offers for its assets and operations, with definitive agreements for three transactions being finalized [2][3]. Group 1: Sale and Investment Solicitation Process - The company is under restructuring proceedings initiated on January 8, 2026, under the Companies' Creditors Arrangement Act (Canada) [1]. - Four binding offers have been accepted for the substantial totality of Colabor's assets and operations, with three definitive agreements currently being finalized [2]. - A finalized share purchase agreement has been made with a newly incorporated corporation for the purchase of all outstanding shares of Tout-Prêt Inc. on behalf of existing employees [2]. Group 2: Court Proceedings and Approvals - Colabor has applied to the court for an approval and vesting order regarding the share purchase agreement, with a hearing scheduled for March 31, 2026 [3]. - The company plans to seek approval for the other three transactions in the coming weeks and has filed for a stay of proceedings until May 1, 2026, to be heard during the upcoming hearing [4]. Group 3: Company Overview - Colabor is a distributor and wholesaler of food and related products, serving the hotel, restaurant, and institutional markets in Quebec and the Atlantic provinces, as well as the retail market [5].
Colabor Group Inc. Obtains Creditor Protection Under CCAA and Announces the Appointments of Mr. Marc-Antoine Daoust as Chief Financial Officer and Mr.
Globenewswire· 2026-01-08 22:00
Core Viewpoint - Colabor Group Inc. has entered into protection under the Companies' Creditors Arrangement Act (CCAA) to facilitate its restructuring efforts, with an initial order granted by the Superior Court of Quebec [1][2]. Group 1: CCAA Proceedings - The Superior Court of Quebec has issued an initial order granting Colabor and its subsidiaries protection under the CCAA, allowing for a stay of proceedings against the company and its subsidiaries, including a stay of creditor claims [1][2]. - Raymond Chabot Inc. has been appointed as the Monitor to assist Colabor with its restructuring and to report to the Court [2]. - The initial order includes approval for debtor-in-possession financing (DIP Financing) from The Toronto-Dominion Bank, The Bank of Montreal, and the Bank of Nova Scotia, which will support the sale and investment solicitation process and the company's operations during restructuring [2][3]. Group 2: Management and Operations - The Court has approved a Sale and Investment Solicitation Process (SISP) to allow interested parties to submit proposals for the best possible transaction for Colabor and its stakeholders [3]. - Management will continue to oversee day-to-day operations while under CCAA protection, with oversight from the Monitor [3]. - Mr. Marc-Antoine Daoust has been appointed as Chief Financial Officer, succeeding Mr. Yanick Blanchard, who will now serve as Chief Restructuring Officer [4]. Group 3: Company Overview - Colabor is a distributor and wholesaler of food and related products, serving the hotel, restaurant, and institutional markets in Quebec and the Atlantic provinces, as well as the retail market [7].
Colabor Announces the Date of Its Third Quarter 2025 Results Conference Call
Globenewswire· 2025-10-10 12:01
Core Points - Colabor Group Inc. will release its third quarter results for the period ending September 6, 2025, after market close on October 16, 2025 [1] - A conference call to discuss these results is scheduled for October 17, 2025, at 9:30 a.m. Eastern Time [2] Company Overview - Colabor is a distributor and wholesaler of food and related products, serving the hotel, restaurant, and institutional markets (HRI) in Quebec and the Atlantic provinces, as well as the retail market [4]