Calgary Co-operative Association Ltd.

Co-op has acquired the retail business of Community Natural Foods

Calgary Co-operative Association Ltd. has acquired Community Natural Foods.

Industry:

Retail Trade

Calgary Co-operative Association Ltd. has acquired Community Natural Foods. MNP Corporate Finance Inc. acted as exclusive financial advisor to Calgary Co-operative Association Ltd.

Transaction Brief

This transaction expands the number of locations and will enhance the product offering that Calgary Co-operative Association (Calgary Co-op) can provide to its clients. It also enables the shareholders of Community Natural Foods (Community)  to implement a succession plan while maintaining the integrity and vision of the company they've built over several decades.

Community was founded in 1977 by the Wilkes brothers with the intention of providing Calgarians with natural and organic food.  Since then, the business has flourished and expanded to three locations within the city of Calgary.

Calgary Co-op is owned and supported by more than 440,000 members and has been in operation for over 60 years.  With food retail as the core business, Calgary Co-op is recognized as a strong brand and known for value, service quality and community support.