The Jean Coutu Group Announces an Investment of 190 Million Dollars for the
Relocation of Its Longueuil Operations in Varennes
LONGUEUIL, QUEBEC -- (Marketwired) -- 05/29/13 -- The Jean Coutu
Group (PJC) Inc. (the "Corporation" or the "Jean Coutu Group")
(TSX:PJC.A) announced today its intention to consolidate its
operations presently located in Longueuil, including the headquarters
and distribution centre, on a 3 million square feet land
strategically located near Autoroute 30 in Varennes, on the south
shore of Montreal. Construction of the new facilities, more modern
and enlarged, will begin in 2014. The project represents a total
investment of nearly 190 million dollars.
The space currently used by the Jean Coutu Group operations, located
in Longueuil's industrial park since 1976, can no longer support the
needs of the Corporation's growing network. The new facilities,
totaling 800,000 square feet, will allow the Corporation to be more
efficient and to better serve its network of affiliated drugstores.
"In a context of continued growth, it became essential for us to
expand our facilities, which was impossible on the site we presently
occupy because of the lack of space", stated Francois J. Coutu,
President and Chief Executive Officer of the Jean Coutu Group. "The
facilities in Varennes will be at the cutting edge of technology,
guarantying high standards of productivity and enhanced performance.
This project also confirms our determination to pursue our efforts to
grow while offering a pleasant and secure working environment to all
The transfer of the Corporation's activities is expected to begin in
early 2016. The 1,023 employees of the Jean Coutu Group and its
Information Technology Center (Rx Center) will then be able to move
gradually to the new facilities.
About The Jean Coutu Group
The Jean Coutu Group is one of the most trusted names in Canadian
pharmacy retailing. The Corporation operates a network of 407
franchised stores located in the provinces of Quebec, New Brunswick
and Ontario under the banners of PJC Jean Coutu, PJC Clinique, PJC
Sante and PJC Sante Beaute, and employs more than 19,000 people.
Furthermore, the Jean Coutu Group owns Pro Doc Ltd ("Pro Doc"), a
Quebec-based subsidiary and manufacturer of generic drugs. The
Corporation also holds an investment in Rite Aid Corporation ("Rite
Aid") a national chain of drugstores in the United States with more
than 4,600 drugstores in 31 states and the District of Columbia.
The Jean Coutu Group (PJC) Inc.
Executive Vice President, Finances and Corporate Affairs
Vice President, Communications
450 646-9611, ext. 1165
Press spacebar to pause and continue. Press esc to stop.