COLABOR ACQUIRES MORE THAN 97% OF SKOR SHARES FOLLOWING ITS TAKE-OVER BID - CHANGES TO THE DIRECTORS OF SKOR FOLLOWING THIS ACQU

BOUCHERVILLE, QC AND VAUGHAN, ON, May 9 /CNW/ -- 
BOUCHERVILLE, QC AND VAUGHAN, ON, May 9 /CNW Telbec/ - Colabor Group
 Inc. (TSX: GCL) ("Colabor") and The SKOR Food Group Inc. (TSXV:SKF)
 ("SKOR") announced today that, as of May 9, 2011, 2278988 Ontario Inc.,
 a wholly-owned subsidiary of Colabor (the "Offeror"), has taken up and
 will pay for and acquire 26,040,906 common shares of SKOR (the "SKOR
 Shares"), representing approximately 97.4% of the outstanding SKOR
 Shares, pursuant to the March 30, 2011 offer, by way of a take-over
 bid, to acquire all of the issued and outstanding SKOR Shares for $1.33
 per share (the "Offer").


The Offeror intends to acquire all outstanding SKOR Shares not deposited
 in the Offer pursuant to a compulsory acquisition under the Business Corporations Act (Ontario), as described in the Offer documents of March 30, 2010.


On May 9, 2011, all of the existing directors of SKOR have resigned, in
 accordance with the Support Agreement entered into between Colabor and
 SKOR, and have been replaced by the directors of Colabor, namely
 Messrs. Donald Dubé, Claude Gariépy, Richard Lord, Jacques Landreville
 and Robert Panet-Raymond.


In addition, Mr. Vince Capobianco has resigned as President and Chief
 Executive Officer of SKOR. Mr. Gilles C. Lachance, President and Chief
 Executive Officer of Colabor will become President of SKOR and of its
 subsidiaries. Mr. Steve Corvese will continue on in his functions as
 Vice President of SKOR and of its subsidiaries and Mr. Bryan Knebel
 will continue on in his functions as Chief Financial Officer of SKOR.


Mr. Gilles C. Lachance indicated that: "This transaction will allow
 Colabor to expand its product offering, customer base and footprint in
 Ontario and is expected to be immediately accretive to the net earnings
 of Colabor, before accounting for synergies". Mr. Corvese added that:
 "His team is looking forward to joining efforts with the Colabor team
 to further penetrate the Ontario market and bring their joint
 activities to the next level".


ABOUT THE OFFER


The details of the Offer are contained in a take-over bid circular and
 related documents, dated March 30, 2011 which have been filed on SEDAR.


SKOR shareholders may obtain a copy of the take-over bid circular,
 letter of transmittal, notice of guaranteed delivery and SKOR's
 Directors' Circular from the SEDAR website.


The Depositary for the Offer is Equity Financial Trust Company.
 Inquiries should be directed to the Depositary toll-free at
 1-866-393-4891 or [e-mail]


ABOUT COLABOR


Colabor is a wholesaler and distributor of food and non-food products
 serving the retail market (grocery stores, convenience stores, etc.)
 and the foodservice market (cafeterias, restaurants, hotels, restaurant
 chains, etc.) in Quebec, Ontario and the Atlantic provinces.


ABOUT SKOR


Headquartered in Vaughan, Ontario, SKOR is a vertically integrated full
 service wholesale food supplier to the food service and retail
 industries. Through its three operating divisions, SKOR Foodservice,
 SKOR Wholesale Marketplace, and SKOR Culinary Concepts, SKOR services a
 wide range of multi location food service establishments, quick service
 restaurant chains, day care facilities, government institutions,
 independent food service operators, independent grocery stores as well
 as vending operators and convenience stores in Ontario and Quebec. For
 the twelve month period ending February 28, 2011, SKOR recorded $138.1
 million in sales and $4.7 million in EBITDA. It employs approximately
 200 people in its 200,000 square feet warehouse located in Vaughan, its
 six "cash & carry" locations and its four other facilities principally
 located in Southern Ontario.


FORWARD-LOOKING STATEMENTS


This release may contain forward-looking statements reflecting Colabor's
 opinions or current expectations concerning Colabor's and SKOR's
 business operations and future events. These statements are subject to
 risks, uncertainties and assumptions. Actual results or events may
 differ.


Further information can be found in the disclosure documents to be filed
 by Colabor with the securities regulatory authorities, available at www.sedar.com.


Neither the TSX Venture Exchange nor its Regulation Services Provider
 (as that term is defined in the policies of the TSX Venture Exchange)
 accepts responsibility for the adequacy or accuracy of this release.


To view this news release in HTML formatting, please use the following URL: http://www.cnw.ca/en/releases/archive/May2011/09/c2885.html



table border="0" valign="top" tr td bColabor Group Inc.     /b /td td bMaisonBrison Inc./b /td /tr tr td   /td /tr tr td bGilles C. Lachance     /bbr/ President and Chief Executive Officerbr/ Tel. [phone] ext. 265br/ Fax [phone]br/ a href="mailto:[e-mail]"[e-mail]/a     /td td bMartin Goulet, CFA/bbr/ Senior Vice-President, Investor Relationsbr/ Tel. [phone] ext. 229br/ Fax [phone]br/ a href="mailto:[e-mail]"[e-mail]/a /td /tr tr td   /td /tr tr td bMichel Loignon, CA/bbr/ Vice-President and Chief Financial Officerbr/ Tel. [phone] ext. 235br/ Fax [phone]br/ a href="mailto:[e-mail]"[e-mail]/a /td /tr tr td   /td /tr tr td bThe Skor Food Group Inc./bbr/ bSteve Corvese/bbr/ Vice Presidentbr/ Tel. [phone] ext. 323br/ a href="mailto:[e-mail]"[e-mail]/a /td /tr /table br/ p   /p 

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