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Colabor Group Inc T.GCL

Alternate Symbol(s):  COLFF

Consumer Defensive Food Distribution
Colabor Group Inc. is a Canada-based distributor and wholesaler of food and related products serving the hotel, restaurant and institutional markets (HRI) in Quebec and in the Atlantic provinces, as well as the retail market. The Company offers specialty food products such as meat, fish and seafood, as well as food and related products through its Broadline activities. Its product categories include frozen food products, dry goods, dairy products, fruits, vegetables, meat, fish, seafood, poultry, disposable items, sanitation products and maintenance products. Its Norref products offer over 1,500 products sold fresh, frozen or live, including regional, exotic and eco-friendly fish, all varieties of seafood and processed products. Its Lauzon products include lamb, beef, delicatessen, turkey, game, fish, pork, poultry, veal, cheese, frozen food and portion. It also sells products under private brand, Menu. It distributes around 10,000 food and related products to 15,000 points of sale.


TSX:GCL - Post by User

Colabor Group Inc
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(16)
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Comment by Straiteon Aug 19, 2019 12:00pm
223 Views
Post# 30043248

RE:CEO is leaving....ouch!

RE:CEO is leaving....ouch!Briscoe trying to force buyout of dube-loiselle likely at a price that is not value-enhancing to colabor shareholders. Briscoe bought dube-loiselle in 2016, gave colabor option to buy it within 3 years (with payment of 500,000$ to briscoe if they exert that option). My belief is that lionel did not agree to the transaction, hence they will search for a ceo that will agree? Briscoe's shares in colabor are enough to have some control, yet his financial interest likely benefits more from a dube-loiselle buyout even if not accretive to colabor.
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