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Colabor :
A performing and integrated marketing and distribution network. 
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History
Colabor was founded in 1962. At that time, the organization was named Le syndicat coopératif Colabor and was made up of tobacco and confectionery wholesalers who wanted to increase their purchasing power in order to be more competitive in their respective markets. In 1973, the organization acquired a Dominion charter and became Colabor Canada (1973) Ltd and later became Colabor Inc. in 2000 following a corporate reorganization. Following this development, Colabor underwent several changes as the company began operating in different segments of the distribution industry. These included paper and grocery products, frozen products, health and beauty products, distribution for food service, distributors, etc. Since June 2005, Colabor is a Limited Partnership held by a Fund. The company has proceed to its first public offering at the Toronto Stock Exchange, on June 2005, with the creation of Colabor Income Fund (TSX: CLB.UN). Today, Colabor represents a network distribution covering six Canadian provinces: Ontario, Quebec, New Brunswick, Nova Scotia, P.E.I. and Newfoundland.
These small-to-medium businesses employ some 3,500 people, including 300 sales and customer service representatives. Overall, the network generates an annual income of approximately 1.3 billion dollars.
Colabor is also a shareholder of another Canada-wide buying group called ITWAL. In addition to Colabor, the group includes some 70 other wholesale distributors covering Ontario, the central Canadian provinces and the western part of the country. ITWAL's sales to over 5 billion dollars a year. January 8, 2007, Colabor Income Fund has completed the acquisition of the assets of Summit Food Service Distributors Inc., one of Canada's largest distributors to the foodservice industry, a subsidiary of Cara Operations Limited. March 17, 2008, Colabor Income Fund has completed the acquisition of the assets of Bruce Edmeades Co., a leading distributor to the foodservice industry in Canada. April 28, 2008, Colabor Income Fund has completed the acquisition of all of the outstanding shares of D. Bertrand & Frères Inc., a leading independent distributor of Food in Eastern Quebec and one of Colabor`s most important affiliated wholesalers. On August 25, 2009, Colabor Group Inc. announced the closing of the conversion Income Fund Colabor in a corporation. Colabor Group Inc. carries the same business previously operated by the Fund. Since August 28, 2009, trading in the shares of Colabor Group Inc. are traded on the TSX under the symbol GCL. |
©2001-2008 All rights reserved, Colabor LP
