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The Caisse de dépôt et placement du Québec has made a $15-million investment in Colabor Group Inc., Quebec’s largest independent food distributor.

The investment, combined with an additional $15-million equity investment by National Bank Financial, is part of an expansion strategy by the Quebec food distributor.

“Colabor’s expansion is notable for a series of acquisitions it has made over the last few years,” said Normand Provost, executive vice-president, private equity, with the Caisse. “By collaborating in the financing of Colabor, the Caisse is taking part in the growth of a Quebec company that plays a major role in its industry.”

Colabor serves more than 25,000 clients across different segments of the food services and retail food sales industry. It distributes more than 50,000 products in Quebec, Ontario and the Atlantic provinces.

“We are pleased to have our financial partners’ support in this strategic acquisition of T. Lauzon Ltd.,” said Claude Gariépy, president and CEO of Colabor.

© Copyright 2014 Rogers Publishing Ltd. Originally published on benefitscanada.com

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