Mr. Pierre Blanchette reports

COLABOR GROUP CONFIRMS THE CLOSING OF THE ACQUISITION OF ASSETS RELATED TO THE FOODSERVICE SECTOR

Colabor Group Inc. has closed the acquisition of certain assets from Beaudry & Cadrin Inc. (Groupe Beaudry) as announced on Feb. 29.

The acquisition includes assets related to food-service activities (restaurants, hotels, institutions and others for on-site consumption by customers) in Quebec of Groupe Beaudry, and the related inventories. These activities represent approximately $15-million in annual revenues and will be served mainly from the company's facility located in Saint-Nicolas. Groupe Beaudry has been a distributor since 1899 and a business partner of Colabor for many years, being a customer of Colabor's wholesale segment. The acquisition of this new clientele will allow the company to consolidate its presence in Eastern Quebec.

About Colabor Group Inc.

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 two operating segments, Colabor offers specialty food products such as fresh fish and seafood, meat, as well as food and related products through its Broadline activities.