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Press release from CNW Group

Colabor Group Inc. announces the appointment of Jean-François Neault as Vice-President and Chief Financial Officer

Thursday, May 16, 2013

Colabor Group Inc. announces the appointment of Jean-François Neault as Vice-President and Chief Financial Officer

16:00 EDT Thursday, May 16, 2013

BOUCHERVILLE, QC, May 16, 2013 /CNW Telbec/ - Colabor Group Inc. (TSX: GCL) ("Colabor" or "the Corporation") is pleased to announce the appointment of Jean-François Neault as the Corporation's Vice-President and Chief Financial Officer. Mr. Neault will take office on June 10, 2013, thus succeeding Michel Loignon. In accordance with the senior executive succession plan, Mr. Loignon will remain with the organization as Vice-President, Business Development of Colabor Group Inc., which will also favour a smooth transition.

Since 2010, Mr. Neault held the position of Vice-President, Finance and Administration of Cascades Tissue Group, where he supported upper management in the development of a strategic plan, mainly focused on sales growth, both through internal geographical expansion and acquisitions. He had previously held the position of Vice-President, Financial Planning and Corporate Strategy at Atrium Innovations Inc., as well as other senior management positions with various entities of Cascades Inc. Mr. Neault holds an MBA from the Université de Sherbrooke and a Bachelor of Accounting Sciences degree from the Université du Québec à Trois-Rivières.

"I wish Jean-François Neault a cordial welcome to Colabor. His vast experience in integration of acquisitions and his great knowledge of financial management of companies holding multiple entities will be major advantages in the implementation of our development initiatives. I also thank Michel Loignon for his dedication over the past fifteen years," said Claude Gariépy, President and Chief Executive Officer of Colabor.

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), in Quebec, Ontario and the Atlantic provinces.

FORWARD-LOOKING STATEMENTS
This news release may contain forward-looking statements reflecting the opinions or current expectations of Colabor Group Inc. concerning its performance and business operations and future events. These statements are subject to risks, uncertainties and assumptions. Actual results or events may differ.

SOURCE: Colabor Group Inc.

For further information:


Claude Gariépy     
President and Chief Executive
Officer
Tel. 450-449-0026 ext. 265
Fax 450-449-6180
claude.gariepy@colabor.com

Michel Loignon, CPA, CA     
Vice-President and
Chief Financial Officer
Tel. 450-449-0026 ext. 235
Fax 450-449-6180
michel.loignon@colabor.com

MaisonBrison Inc.
Martin Goulet, CFA
Senior Vice-President,
Investor Relations
Tel. 514-731-0000 ext. 229
Fax 514-731-4525
 martin@maisonbrison.com

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