Colabor Group Inc. announces the acquisition of a leading Quebec-based meat processor and distributor and 30$ million private placement financing.

    Transaction further extends Colabor’s product offering and consolidates presence in the “centre-of-the-plate” meal solutions category BOUCHERVILLE, QUEBEC – February 14, 2013 – Colabor Group Inc. (TSX: GCL) (“Colabor” or the “Company”) today announced the signature of an agreement to purchase substantially all of the assets of T. Lauzon Ltd (“T. Lauzon”) and certain inventory of a related entity to T. Lauzon for a total consideration of approximately $15 million (the “Acquisition”).

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