Weston Foods makes bid for Colonial Cookies
Posted Feb 3, 2011 05:18:14 AM.
This article is more than 5 years old.
Weston Foods has reportedly made a bid to purchase Kitchener’s Colonial Cookies which went into receivership last month.
The record is reporting that Weston has offered 13.5 million dollars in cash including a one-million dollar deposit.
Weston is a sister company to Loblaws and Colonial had been making some President’s Choice cookies for Loblaws.
The receiver, Price Waterhouse Coopers, has set a deadline of February 11 for offers for Colonial’s assets.
Colonial was home to 370 employees who have been on layoff since December.
