Colabor to acquire Summit food service distributors Inc. and will enter into long-term distribution agreement with cara

Boucherville, Quebec, December 12, 2006 – Colabor Income Fund (TSX: CLB.UN) (the ‘Fund’) announced today that Colabor Limited Partnership will enter into a definitive agreement to purchase the assets of Summit Food Service Distributors Inc. (‘Summit’), one of Canada’s largest distributors to the foodservice industry, from Cara Operations Limited (‘Cara’) for $115 million in cash (the ‘Acquisition’).




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