Issa Brothers’ EG Group acquires Cooplands

Supermarkets

EG Group has snapped up bakery chain Cooplands, as it continues to expand its food service operations.

EG, which operates 6,000 forecourts globally and around 400 in the UK, bought the Scarborough-based chain for an undisclosed sum.

Cooplands, which is predominantly focused in the North East and Yorkshire, was founded in 1885 and employs more than 1600 staff.

The chain runs 180 bakers’ shops and cafes, as well as three large bakeries that produce the products sold at its sites.

READ MORE: Issa Brothers keep opening Spars despite Asda ambitions

Zuber and Mohsin Issa, the billionaire brothers from Burnley behind EG Group, said they plan to broaden the reach of Cooplands “beyond the brand’s northern heartlands” through EG’s roadside network.

The acquisition comes a week after EG bought 52 KFC restaurants across the South and South West, in a deal which will give the firm more than 220 franchise sites across Europe and the UK.

EG also bought healthy fast food business, Leon, in May for around £100 million.

“We are very pleased to welcome Cooplands’ many talented colleagues to the EG Group family,” the Issa brothers said.

“Cooplands has a proven track record in the fresh bakery sector and vertical integration with EG Group will help to further drive our success in food-service, where we continue to see strong growth opportunities in the UK and globally.”

Cooplands chief executive Belinda Youngs added: “Cooplands is proud to be joining EG Group and bringing our long history of skills and expertise in the bakery industry in both manufacturing and retail to the company.

“We are looking forward to a great future for the Cooplands brand.”

with PA Wires

Click here to sign up to Grocery Gazette’s free daily email newsletter

Supermarkets

RELATED POSTS

Leave a Reply

Your email address will not be published. Required fields are marked *

Fill out this field
Fill out this field
Please enter a valid email address.

Menu

SUBSCRIBE TO OUR NEWSLETTER

Sign up to our daily newsletter to get all the latest retail tech news and insights direct to your inbox.

  • This field is for validation purposes and should be left unchanged.