Canada: Metro reaches partnership agreement with Première Moisson bakery

Metro Inc. is announcing today that it has signed a final agreement to acquire a majority interest in Première Moisson, a leading Quebec bakery manufacturer and retailer. The Colpron-Fiset family, which founded the company in 1992, will retain 25% of Première Moisson's capital and will continue to manage the company.

The partnership covers the shares held by the Colpron-Fiset family in 23 Première Moisson stores and three production centres located in Dorion, Baie-d'Urfé and Terrebonne. The Colpron-Fiset family and its team will continue to manage Première Moisson and ensure the growth and reputation of the brand. The agreement with Metro provides for the maintenance of all jobs at Première Moisson and partnerships in place with bakery-owners.

The closing of the transaction, which is subject to the conditions that normally govern transactions of this nature, should take place within the next few weeks.

For more information:
Marie-Claude Bacon
Metro Inc.
Email: [email protected]
metro.ca

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