EG Group has announced it has acquired bakery business CS Food Group Holdings Limited (Cooplands).
According to the retailer, the acquisition will accelerate EG Group’s “growing” and “successful” diversification into foodservice and adds “complementary” assets that will develop opportunities in other parts of the business.
It revealed Cooplands is the second-largest bakery chain, owning three “high-quality” bakeries in the UK that process ingredients and manufacture “fresh” food distributed to 180 stores and cafes across the north-east and Yorkshire regions.
The brand has also said it is set to “diversify” the Cooplands brand into a petrol forecourt and retail convenience store channel, alongside the bakery chain’s traditional store formats.
The acquisition of Cooplands follows EG Group’s acquisition of LEON, the British restaurant chain, in May 2021.
Zuber and Mohsin Issa, founders and co-CEOs of EG Group, 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 foodservice, where we continue to see strong growth opportunities in the UK and globally.
“The transaction will broaden the reach of Cooplands beyond the brand’s northern heartlands and bring its much-loved food to more existing and new customers through EG Group’s unparalleled network of roadside forecourts and retail convenience stores.”
Belinda Youngs, CEO of Cooplands, 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.”