Empire Announces Agreement to Acquire Montreal’s Mayrand Food Group

Provides entry into Quebec Discount/Warehouse Food Market

STELLARTON, NS, April 9, 2026 /CNW/ – Empire Company Limited and its wholly-owned subsidiary Sobeys Inc. (“Empire” or the “company”) (TSX: EMP.A) today announced that it has entered into an agreement to acquire Mayrand Food Group Inc., a long‑established Québec food retailer operating four large‑format locations across the Greater Montréal Area.

The transaction is being completed pursuant to a court‑approved process and remains subject to customary closing conditions, including receipt of court-approval and required regulatory approvals. The transaction is expected to close in first quarter of fiscal 2027.

Founded more than 110 years ago, Mayrand is a trusted Québec retail banner known for its broad product assortment, competitive pricing, and strong relationships with both retail and foodservice customers. The business operates four stores in Anjou, Laval, Brossard, and Saint‑Jérôme.

“Mayrand is a respected Québec institution with deep local roots and a loyal customer base,” said Luc L’Archevêque, Chief Customer Officer, Empire. “This transaction allows the Mayrand brand to continue serving customers and communities while benefiting from Empire’s scale, operational expertise, and long‑term commitment to food retail in Québec.”

The acquisition provides Empire with a strategic entry into the Québec discount/warehouse food market, a growing segment serving both households and foodservice operators. Mayrand’s differentiated positioning, large‑format stores, and extensive assortment complement and strengthen Empire’s existing retail portfolio.

Empire intends to maintain the Mayrand banner and grow the business as a distinct brand, building on its strong reputation for value, quality, and product depth. Mayrand will benefit from Empire’s capabilities in merchandising, purchasing, logistics, real estate, treasury, and other operational support functions.

As part of the transaction, Empire will ensure continuity for the Mayrand workforce and stability for customers, suppliers, and business partners.