Latest news with #Quebec-based
Yahoo
4 hours ago
- Business
- Yahoo
Colabor Group Inc. Completes the Acquisition of Certain Assets of Alimplus and the Financing of This Acquisition
SAINT-BRUNO-DE-MONTARVILLE, Quebec, June 03, 2025 (GLOBE NEWSWIRE) -- Colabor Group Inc. (TSX: GCL) ("Colabor" or the "Company") announces today the closing of the acquisition of the food distribution assets of Alimplus Inc. ("Alimplus"), operating under the name Mayrand Plus, and all of the issued and outstanding shares of Tout-Prêt Inc. ("Tout-Prêt"), a subsidiary of Alimplus (the "Acquisition"), as announced on February 19, for a revised total consideration of $49.75 million (compared to $51.5 million, as announced on February 19), subject to certain adjustments. The Acquisition includes the purchase by Colabor of the assets related to the food distribution activities and all of the issued and outstanding shares of Tout-Prêt, a specialist in the distribution and preparation of cut fruits and vegetables in Quebec. The four stores of Groupe Mayrand Alimentation inc. are not part of the Acquisition, but Colabor has also entered into a distribution agreement with them for an initial six-year term. Alimplus is a Quebec-based company and a major private food distributor for over 40 years. These activities, for the twelve-month period ended December 2024, in addition to the above-mentioned distribution agreement for its stores, would represent approximately $225 million in annual sales. Concurrently and conditionally with the closing of the Acquisition, the Company has entered into the following agreements in connection with the financing of the Acquisition price: Colabor completed the process of amendment and restatement of its senior first-ranking secured credit facility (the "Credit Facility"). The Credit Facility, as amended and restated, extends the maturity date to June 2029. The Credit Facility, as restated, has an amount of $91.75 million, comprised of a $50 million revolving credit and a $41.75 million term loan. Colabor has entered into an agreement with Investissement Québec ('IQ') to extend the term of its existing $15 million subordinated debt now maturing in December 2029. Colabor has also entered into a new financing agreement with IQ for $15 million in highly subordinated debt with a 5-year term. About Colabor Colabor is a distributor and wholesaler of food and related products serving the hotel, restaurant and institutional markets or "HRI" in Quebec and in the Atlantic provinces, as well as the retail market. Within its operating activities, Colabor offers specialty food products such as fish and seafood, meat, as well as food and related products through its Broadline activities. Further information: Pierre BlanchetteSenior Vice President and Chief Financial Officer Colabor Group 450-449-4911 extension 1308investors@ Danielle Ste-MarieSte-Marie Strategy and Communications RelationsTel.: 450-449-0026 ext. 1180 Cautionary Statements Regarding Forward-Looking Statements: This news release contains "forward-looking information", "forward-looking declarations" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of applicable securities laws. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as of the date of this press release. Statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, marked by words or phrases such as "anticipate", "expect", "estimate", "believe", "intend" or variations thereof or the statement that certain actions, Certain events or results that "may", "would", "should", "could" be taken, occur or be achieved or that they "will" are not statements of historical fact and may constitute forward-looking statements. In this press release, forward-looking statements include, but are not limited to, statements regarding the Company's ability to realize the anticipated synergies resulting from the Acquisition; the anticipated effects of the Acquisition on the Company; the achievement of the Company's corporate objectives and the timing, costs and benefits thereof. Forward-looking statements are necessarily based on a number of estimates and assumptions that, while believed to be reasonable, involve known and unknown risks, uncertainties and other factors that could cause actual results or future events to differ materially from those expressed or implied by such forward-looking statements. These factors include, but are not limited to: business, economic, competitive, political and social uncertainties and the delay or inability to obtain necessary approvals. There can be no assurance that these statements will prove to be as actual results and future events could differ materially from those anticipated in such statements. Readers are therefore cautioned not to place undue reliance on the forward-looking statements and forward-looking information contained in this news release. Except as required by law, the Company undertakes no obligation to update any forward-looking in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
5 hours ago
- Business
- Yahoo
Colabor Group Inc. Completes the Acquisition of Certain Assets of Alimplus and the Financing of This Acquisition
SAINT-BRUNO-DE-MONTARVILLE, Quebec, June 03, 2025 (GLOBE NEWSWIRE) -- Colabor Group Inc. (TSX: GCL) ("Colabor" or the "Company") announces today the closing of the acquisition of the food distribution assets of Alimplus Inc. ("Alimplus"), operating under the name Mayrand Plus, and all of the issued and outstanding shares of Tout-Prêt Inc. ("Tout-Prêt"), a subsidiary of Alimplus (the "Acquisition"), as announced on February 19, for a revised total consideration of $49.75 million (compared to $51.5 million, as announced on February 19), subject to certain adjustments. The Acquisition includes the purchase by Colabor of the assets related to the food distribution activities and all of the issued and outstanding shares of Tout-Prêt, a specialist in the distribution and preparation of cut fruits and vegetables in Quebec. The four stores of Groupe Mayrand Alimentation inc. are not part of the Acquisition, but Colabor has also entered into a distribution agreement with them for an initial six-year term. Alimplus is a Quebec-based company and a major private food distributor for over 40 years. These activities, for the twelve-month period ended December 2024, in addition to the above-mentioned distribution agreement for its stores, would represent approximately $225 million in annual sales. Concurrently and conditionally with the closing of the Acquisition, the Company has entered into the following agreements in connection with the financing of the Acquisition price: Colabor completed the process of amendment and restatement of its senior first-ranking secured credit facility (the "Credit Facility"). The Credit Facility, as amended and restated, extends the maturity date to June 2029. The Credit Facility, as restated, has an amount of $91.75 million, comprised of a $50 million revolving credit and a $41.75 million term loan. Colabor has entered into an agreement with Investissement Québec ('IQ') to extend the term of its existing $15 million subordinated debt now maturing in December 2029. Colabor has also entered into a new financing agreement with IQ for $15 million in highly subordinated debt with a 5-year term. About Colabor Colabor is a distributor and wholesaler of food and related products serving the hotel, restaurant and institutional markets or "HRI" in Quebec and in the Atlantic provinces, as well as the retail market. Within its operating activities, Colabor offers specialty food products such as fish and seafood, meat, as well as food and related products through its Broadline activities. Further information: Pierre BlanchetteSenior Vice President and Chief Financial Officer Colabor Group 450-449-4911 extension 1308investors@ Danielle Ste-MarieSte-Marie Strategy and Communications RelationsTel.: 450-449-0026 ext. 1180 Cautionary Statements Regarding Forward-Looking Statements: This news release contains "forward-looking information", "forward-looking declarations" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of applicable securities laws. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as of the date of this press release. Statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, marked by words or phrases such as "anticipate", "expect", "estimate", "believe", "intend" or variations thereof or the statement that certain actions, Certain events or results that "may", "would", "should", "could" be taken, occur or be achieved or that they "will" are not statements of historical fact and may constitute forward-looking statements. In this press release, forward-looking statements include, but are not limited to, statements regarding the Company's ability to realize the anticipated synergies resulting from the Acquisition; the anticipated effects of the Acquisition on the Company; the achievement of the Company's corporate objectives and the timing, costs and benefits thereof. Forward-looking statements are necessarily based on a number of estimates and assumptions that, while believed to be reasonable, involve known and unknown risks, uncertainties and other factors that could cause actual results or future events to differ materially from those expressed or implied by such forward-looking statements. These factors include, but are not limited to: business, economic, competitive, political and social uncertainties and the delay or inability to obtain necessary approvals. There can be no assurance that these statements will prove to be as actual results and future events could differ materially from those anticipated in such statements. Readers are therefore cautioned not to place undue reliance on the forward-looking statements and forward-looking information contained in this news release. Except as required by law, the Company undertakes no obligation to update any forward-looking in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Cision Canada
10 hours ago
- Business
- Cision Canada
Isobloc ZÉRO - Decarbonizing construction with North America's first cement-free, insulated masonry solution Français
LANAUDIÈRE, QC, June 3, 2025 /CNW/ - Quebec-based companies Isobloc, known for its high-performance, durable insulated concrete blocks, and CarbiCrete, a world leader in decarbonized concrete, are proud to announce the launch of Isobloc ZÉRO: the first insulated masonry solution made from decarbonized concrete in North America. This 100% Quebec innovation combines thermal performance, ease of installation, and a significant reduction in greenhouse gas emissions—helping to make building construction more sustainable. Replacing cement: a high-carbon-footprint material Concrete is the most widely used construction material globally due to its affordability and durability. However, producing one of its key ingredients—cement, the binding agent—is responsible for around 8% of global CO₂ emissions, more than the entire aviation industry. By combining CarbiCrete's patented process—using steel slag and captured CO₂ to produce cement-free concrete—with Isobloc's energy-efficient insulated block system, Isobloc ZÉRO delivers the same performance as standard concrete while significantly reducing construction's carbon footprint. The Canadian construction industry is expected to reach USD 417.3 billion by 2033, making such solutions more critical than ever. "Many cities and municipalities have committed to decarbonizing construction in the coming years," says Eric Dionne, President of Isobloc. "With Isobloc ZÉRO, we're not just building walls—we're building for future generations. This is a real revolution in construction. An insulated masonry solution that's durable, easy to install… and now decarbonized." Designed and manufactured in Quebec, Isobloc ZÉRO is intended for architects, contractors, developers, and institutions looking for tangible solutions to meet new environmental standards without compromising quality or profitability. Priced comparably to conventional materials, it offers real added value, meets ASTM 90 performance standards, and contributes to certifications such as LEED, BBCA, WELL, and SmartScore. "CarbiCrete is constantly pushing the boundaries of green building," says Jacob Homiller, CEO of CarbiCrete. "By combining our cement-free concrete technology with Isobloc's energy-efficient solution, we're giving building professionals a powerful tool to reduce both embodied and operational carbon in buildings." Isobloc ZÉRO is helping drive construction toward a more sustainable, efficient, and resilient future. The product is available now directly from Isobloc.
Cision Canada
2 days ago
- Business
- Cision Canada
Major Acquisition by Groupe HD and Fondaction to Enable Development of 1,200 New Residential Units in Montréal's East End Français
MONTRÉAL, June 2, 2025 /CNW/ - Groupe HD and Fondaction have finalized a major partnership for the acquisition of a strategically located site exceeding 210,000 square feet at 5600 Sherbrooke Street East, in the heart of the Mercier–Hochelaga-Maisonneuve borough. " This acquisition marks one of the most significant and promising transactions to date for our organization. We are deeply grateful to our partner Fondaction for their trust and support in making large-scale projects like the Sherbrooke Street development tangible and concrete." said Thomas Dufour, Co-President of Groupe HD. Spanning from Sherbrooke Street to Chauveau Street, the expansive site will host an integrated residential development of nearly 1,200 units, representing a total investment of over $425 million. Aligned with the City of Montréal's Assomption Nord Urban Planning Program (PPU), the project will promote inclusive residential diversity, high-quality green spaces, and thoughtful urban densification—contributing meaningfully to the area's revitalization. More than 15% of the units—approximately 180 homes—will be affordable housing, and the development will pursue LEED Gold certification for its environmental sustainability. The project will unfold in two main phases to ensure a cohesive and gradual integration into the urban fabric. It will be executed by Construction Praxis, Groupe HD's construction division, recognized for its large-scale execution capabilities, performance-driven mindset, and innovative approach. "Fondaction is proud to partner with Groupe HD to advance the revitalization and densification of this strategic area in the East of Montréal. Anchored in a sustainable mobility network, this flagship project promotes inclusive residential diversity and aims for LEED Gold environmental certification. It aligns fully with our real estate investment strategy focused on sustainability," explained Chad Ruel, Senior Director, Real Estate Investments at Fondaction This partnership between Groupe HD and Fondaction reflects a shared vision: to create meaningful, sustainable, and accessible living environments. The project aims to address the present and future needs of local communities while shaping an urban landscape that lives up to collective aspirations. Project Overview Investment: $425 million Developer: Groupe HD Financial Partner: Fondaction Lender: Desjardins – Real Estate Financing Group General Contractor: Construction Praxis Architecture & Design: NEUF Architect(e)s Landscape Design: BC2 About Groupe HD Groupe HD is a Quebec-based company specializing in real estate investment, development, construction, and management. The firm is committed to redefining tomorrow's housing by designing and delivering large-scale projects that meet the needs of communities and municipalities. To date, the company is involved in over 20 projects, totaling more than 7,000 residential units, including condominiums, rental buildings, and private seniors' residences. Groupe HD continuously rethinks and adapts its practices to create integrated living environments for today and future generations. Backed by a team of 60 professionals, the company currently manages over $3.0 billion in assets. For more information, visit or follow us on LinkedIn. About Fondaction A forerunner for over 25 years, Fondaction is the investment fund for individuals and companies that are mobilizing for the positive transformation of Quebec's economy, making it fairer, more inclusive, greener and more performant. As a labour-sponsored fund created at the initiative of the CSN, Fondaction represents tens of thousands of savers and hundreds of companies committed to helping Quebec progress. It manages more than $3.99B in net assets, as at November 30, 2024, invested largely in hundreds of businesses and on the financial markets, prioritizing investments that generate positive economic, social and environmental spinoffs in addition to a financial return. Fondaction helps maintain and create jobs, reduce inequalities and combat climate change. For more information, visit or our LinkedIn page.
Yahoo
2 days ago
- Business
- Yahoo
Major Acquisition by Groupe HD and Fondaction to Enable Development of 1,200 New Residential Units in Montréal's East End
MONTRÉAL, June 2, 2025 /CNW/ - Groupe HD and Fondaction have finalized a major partnership for the acquisition of a strategically located site exceeding 210,000 square feet at 5600 Sherbrooke Street East, in the heart of the Mercier–Hochelaga-Maisonneuve borough. "This acquisition marks one of the most significant and promising transactions to date for our organization. We are deeply grateful to our partner Fondaction for their trust and support in making large-scale projects like the Sherbrooke Street development tangible and concrete." said Thomas Dufour, Co-President of Groupe HD. Spanning from Sherbrooke Street to Chauveau Street, the expansive site will host an integrated residential development of nearly 1,200 units, representing a total investment of over $425 million. Aligned with the City of Montréal's Assomption Nord Urban Planning Program (PPU), the project will promote inclusive residential diversity, high-quality green spaces, and thoughtful urban densification—contributing meaningfully to the area's revitalization. More than 15% of the units—approximately 180 homes—will be affordable housing, and the development will pursue LEED Gold certification for its environmental sustainability. The project will unfold in two main phases to ensure a cohesive and gradual integration into the urban fabric. It will be executed by Construction Praxis, Groupe HD's construction division, recognized for its large-scale execution capabilities, performance-driven mindset, and innovative approach. "Fondaction is proud to partner with Groupe HD to advance the revitalization and densification of this strategic area in the East of Montréal. Anchored in a sustainable mobility network, this flagship project promotes inclusive residential diversity and aims for LEED Gold environmental certification. It aligns fully with our real estate investment strategy focused on sustainability," explained Chad Ruel, Senior Director, Real Estate Investments at Fondaction This partnership between Groupe HD and Fondaction reflects a shared vision: to create meaningful, sustainable, and accessible living environments. The project aims to address the present and future needs of local communities while shaping an urban landscape that lives up to collective aspirations. Project OverviewInvestment: $425 millionDeveloper: Groupe HDFinancial Partner: FondactionLender: Desjardins – Real Estate Financing GroupGeneral Contractor: Construction PraxisArchitecture & Design: NEUF Architect(e)sLandscape Design: BC2 About Groupe HDGroupe HD is a Quebec-based company specializing in real estate investment, development, construction, and management. The firm is committed to redefining tomorrow's housing by designing and delivering large-scale projects that meet the needs of communities and municipalities. To date, the company is involved in over 20 projects, totaling more than 7,000 residential units, including condominiums, rental buildings, and private seniors' residences. Groupe HD continuously rethinks and adapts its practices to create integrated living environments for today and future generations. Backed by a team of 60 professionals, the company currently manages over $3.0 billion in assets. For more information, visit or follow us on LinkedIn. About FondactionA forerunner for over 25 years, Fondaction is the investment fund for individuals and companies that are mobilizing for the positive transformation of Quebec's economy, making it fairer, more inclusive, greener and more performant. As a labour-sponsored fund created at the initiative of the CSN, Fondaction represents tens of thousands of savers and hundreds of companies committed to helping Quebec progress. It manages more than $3.99B in net assets, as at November 30, 2024, invested largely in hundreds of businesses and on the financial markets, prioritizing investments that generate positive economic, social and environmental spinoffs in addition to a financial return. Fondaction helps maintain and create jobs, reduce inequalities and combat climate change. For more information, visit or our LinkedIn page. SOURCE Groupe HD View original content to download multimedia: Sign in to access your portfolio
