The Globe and Mail reports in its Tuesday, April 14, edition that Pierre Karl Peladeau is buying Quebec food distributor Colabor Group out of bankruptcy protection. The Globe's Nicolas Van Praet writes that Mr. Peladeau, whose family controls telecom and media company Quebecor, won court approval Monday for the purchase. He is making it through his personal investment firm, Financiere Outremont. The transaction includes most of the assets of Colabor and subsidiaries Norref Fisheries Quebec and Transport Paul-Emile Dube. It does not include the assets of Le Groupe Resto-Achats, which is being bought by a separate group of investors. Mr. Peladeau said last week: "We want to revitalize the operations of this distribution company that has been part of our community for over 60 years in a critical sector of the food supply chain. ... In addition to maintaining jobs in Quebec and keeping the operations of a well-established Quebec company here, we are convinced of the need to safeguard this important link in our supply chain, a link that contributes to our food sovereignty." It is the latest acquisition for Mr. Peladeau, one of Quebec's most well-known businessmen and a former leader of the separatist Parti Quebecois party.