Brief: Colabor Announces The Sale Of Its Summit Foods Division In Ontario

Colabor

12/03/2020 13:52

March 12 (Reuters) - Colabor Group Inc  GCL.TO :
    * PRESS RELEASE - COLABOR ANNOUNCES THE SALE OF ITS SUMMIT
FOODS
DIVISION IN ONTARIO
    * COLABOR GROUP - REACHED AGREEMENT FOR SALE OF CO'S SUMMIT
FOODS
DIVISION IN ONTARIO TO FLANAGAN FOODSERVICE FOR PROCEEDS OF
ABOUT $10.0 MILLION
    * COLABOR GROUP INC - FLANAGAN FOODSERVICE WILL ALSO BECOME
EXCLUSIVE DISTRIBUTOR OF COLABOR'S MENU BRAND IN ONTARIO
    * COLABOR GROUP - TRANSACTION INCLUDES SUMMIT MISSISSAUGA
DISTRIBUTION CENTER, STREET & SYSTEM BUSINESS & MAJORITY OF
EMPLOYMENT CONTRACTS

Source text for Eikon:  ID:nGNX7ydm3J 
Further company coverage:  GCL.TO 

 (Reuters.Briefs@thomsonreuters.com)