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Imasco

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Imasco Limited
Company typeFormerly: Public
IndustryTobacco, Restaurants, Pharmacies, Trusts
Founded1970
FateAmalgamated into Imperial Tobacco Canada in 2000
HeadquartersMontreal, Quebec, Canada
Area served
42 US states and 42 countries
RevenueIncrease $8.8 million USD (1989)
Increase $22.5 million USD (1987)
OwnerBritish American Tobacco
Number of employees
157,300 (1989)
ParentBritish American Tobacco
WebsiteImasco.com

Imasco Limited was a Canadian corporation headquartered in Montreal, Quebec, Canada. It was founded in 1970 as Imperial and Associates, Co.

History

Imasco was the former owner of Imperial Tobacco Canada, Canada Trust, Shoppers Drug Mart , Genstar, and the Hardee's restaurant chain. The company sold Hardee's in 1997 to CKE, Canada Trust in 2000 to Toronto-Dominion Bank and Shopper's Drug Mart in 2000 to a consortium of institutional investors. British American Tobacco, or BAT, had owned 41.5% of Imasco's shares. In 2000 British American Tobacco purchased the remaining 58.5% shares in Imasco and amalgamated the company with Imperial Tobacco Canada Limited.