Colabor Group Inc. Seeks Creditor Protection Under CCAA

SAINT-BRUNO-DE-MONTARVILLE, Quebec, Jan. 08, 2026 (GLOBE NEWSWIRE) -- Colabor Group Inc. (TSX: GCL) ("Colabor" or the "Company"), announces that the Superior Court of Quebec (Commercial Division) (the "Court") has issued an initial order (the "Initial Order") granting the Company and certain of its subsidiaries, Transport Paul-Émile Dubé Ltée, Le Groupe Resto-Achats Inc. and Norref Fisheries Quebec Inc., protection under the Companies’ Creditors Arrangement Act ("CCAA").

Colabor Group Inc. has recently obtained creditor protection under the Companies' Creditors Arrangement Act (CCAA) as a strategic move to facilitate a restructuring process aimed at addressing its financial challenges. This decision comes amid ongoing efforts to stabilize the company and secure its future in the competitive food distribution industry.

The CCAA protection allows Colabor to reorganize its financial affairs, providing the company the necessary breathing space to negotiate with its creditors while continuing its operations. This temporary protection is designed to prevent creditor actions that could further complicate the company's recovery efforts.

As part of this restructuring initiative, Colabor has appointed Mr. Marc-Antoine Daoust as the new Chief Financial Officer. His extensive experience in financial management will be crucial in guiding the company through this challenging period. Similarly, Mr. Yanick Blanchard has been appointed as Chief Restructuring Officer, bringing valuable expertise in corporate restructuring and operational turnaround strategies. Together, they will lead the charge in implementing the company's recovery plan.

With this restructuring, Colabor aims to streamline operations, reduce costs, and improve service delivery to its customers. The management team is optimistic about the future as they work toward revitalizing the company's business model and enhancing its market position.

Colabor's Board of Directors remains committed to maximizing shareholder value while navigating the complexities of the restructure. The company is hopeful that this strategic approach will allow it to emerge from the CCAA process stronger and more resilient in the long run.