Colabor Group Inc. Obtains Creditor Protection Under CCAA and Announces the Appointments of Mr. Marc-Antoine Daoust as Chief Financial Officer and Mr. Yanick Blanchard as Chief Restructuring Officer
GlobeNewswire Inc.
•
•By Na
Colabor Group Inc., a food distributor serving HRI and retail markets in Quebec and Atlantic provinces, has obtained creditor protection under the Companies' Creditors Arrangement Act (CCAA). The Superior Court of Quebec approved debtor-in-possession financing from TD Bank, BMO, and Bank of Nova Scotia to fund operations and a sale and investment solicitation process. Marc-Antoine Daoust was appointed as Chief Financial Officer, while Yanick Blanchard transitions to Chief Restructuring Officer. Raymond Chabot Inc. was appointed as monitor.