Colabor Group Inc. Updates on Sale Process

SAINT-BRUNO-DE-MONTARVILLE, Québec, March 26, 2026 (GLOBE NEWSWIRE) -- Colabor Group Inc. (TSX: GCL) (“Colabor” or the “Company”) provided today an update regarding its sale and investment solicitation process (“SISP”) conducted under the supervision of the Superior Court of Québec (Commercial Division) (the “Court”) and Raymond Chabot Inc., as Court-appointed monitor of the Company (the “Monitor”) in connection with the restructuring proceedings (the “CCAA Proceedings”) of the Company and certain of its subsidiaries, Transport Paul-Émile Dubé Ltée, Le Groupe Resto-Achats Inc. and Norref Fisheries Quebec Inc., instituted on January 8, 2026, under the Companies’ Creditors Arrangement Act (Canada).

Colabor Group Inc. has provided a significant update regarding its strategic initiatives and ongoing processes. The company announced the progress of its Sale and Investment Solicitation Process (SISP), which aims to explore various options that will maximize value for its shareholders. This undertaking comes in the wake of challenges faced by the company in the competitive market of food distribution and the need to strategically reposition itself.

The SISP is designed to attract interests from various potential acquirers and investors who could bring in much-needed capital and operational synergies to Colabor. The company stated that it has engaged with several parties, indicating a positive response from the market. This interest reflects the inherent value and potential of Colabor's assets, and the firm is hopeful that this process will lead to favorable outcomes.

In detailing their current financial situation, Colabor reported that it is focusing on streamlining operations to enhance efficiency and cost-effectiveness. This consolidation of resources is crucial as the company aims to strengthen its market position and prepare for any potential changes that may arise from the SISP.

Furthermore, Colabor emphasized its commitment to maintaining transparency throughout the SISP. The company plans to keep stakeholders informed with regular updates regarding the progress and outcomes of the process. The management underscored that creating shareholder value remains a top priority and that they are diligently working towards achieving this through strategic partnerships or sale opportunities.

In conclusion, Colabor Group Inc.'s update highlights a proactive approach to dealing with market challenges through a well-structured SISP. The firm's efforts to engage with investors and potential acquirers depict a willingness to adapt and pivot in a rapidly changing industry landscape. Stakeholders are encouraged to remain engaged and await further communications as the company navigates this critical period.