BSR
BSR
  • Home
  • Distressed Businesses
    • All Distressed Businessess
    • Administrations
    • Liquidations
    • Winding Up
    • Insolvency Advice  New
  • Buy a Business
    • All Businesses for Sale
    • Find a Business for Sale
    • Raising Business Finance
    • Buyer Acquisition Service   New
    • Escrow Service   New
  • Sell a Business
    • Sell Your Business
    • Seller Accounts
    • Need Help Selling?
    • Help With Finance New
    • Business Valuation
    • Business Wanted Adverts
  • Insights & News
    • View All News
    • View All Insights
  • Off-market
    • Source deals
  • Log In
  • Join Now
Join now
11111111

Home / News / EG Group acquires bakery chain Cooplands

EG Group acquires bakery chain Cooplands

Tue, 05 Oct 2021 | BUSINESS SALE

EG Group acquires bakery chain Cooplands

Petrol station forecourt operator EG Group has announced the acquisition of bakery chain Cooplands. The firm has acquired the company behind the chain, CS Group Holdings Ltd, which owns bakeries that process ingredients, manufacture foods and distribute to Cooplands’ network of around 180 stores.

Founded in 1885, Cooplands is the UK’s second-largest bakery chain and is predominantly present in the North East and Yorkshire. Following the acquisition, EG Group’s network will enable the chain to expand into forecourts and retail convenience stores across the UK. EG Group is owned by brothers Mohsin and Zuber Issa, who acquired supermarket chain Asda alongside TDR Capital in October 2020.

EG Group has said it will invest in Cooplands’ brand and food offering as it seeks to expand its customer reach. The acquisition adds another brand to EG Group’s food offering, after it moved to acquire fast-food chain Leon in May this year.

A statement from EG Group said: "The acquisition will accelerate EG Group’s growing and successful diversification into foodservice and adds highly complementary assets that will drive development opportunities in other parts of the business.”

"Today’s transaction will provide a platform to diversify the Cooplands brand into the transient petrol forecourt and retail convenience store channel, alongside the bakery chain’s traditional store formats, through EG Group’s extensive UK network."

Zuber and Mohsin Issa said in a joint statement: "We are very pleased to welcome Cooplands’ many talented colleagues to the EG Group family. 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.”

"Following the acquisition of LEON in May, Cooplands is another fantastic fresh food brand to add to EG Group’s existing portfolio of third-party foodservice brands. 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.”

Cooplands CEO 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."

The sale also enables investment firm BGF to make an exit from Cooplands. BGF initially made an £8.5 million investment in the chain in December 2017, followed by £7.7 million in follow-on funding last year.



Find businesses for sale here.

If you are looking for an exit, we can help!


Share this article



Latest Businesses for Sale

Greek Food Delivery Business
Shoreditch, London, UK

Greek food delivery business based in the busiest part of London. The business is operating for more than 3 years and serving bar customers, the worker's lunch with a kiosk facing the street, and also delivery platforms (Deliveroo, Uber Eats, and Ju...

Asking Price: £300,000
Turnover: £600,000

LEASEHOLD


International at-home Chef Experience
UK Wide

A technology focussed company, operating an international private chef service where it provides its clients with restaurant quality experiences at affordable prices in the comfort of their own homes or holiday accommodation. As an innovative oper...

Asking Price: Offers Invited
Turnover: £3,000,000

LEASEHOLD


Highly Rated Fish & Chip Shop
North of England, UK

The business was originally established back in 2010, before the current owners took over in 2018. The business has built up an excellent reputation during its time of trading. As seen by the online ratings and reviews, the business is extremely popu...

Asking Price: Offers Invited
Turnover: £390,000

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
26
 
Jan
 

UK M&A down 16 per cent in 2022, but sentiment remains optimistic | BUSINESS NEWS

New analysis from PwC has revealed that UK M&A activity decl...

 
26
 
Jan
 

Private equity-backed law firm targeting further M&A in 2023 | BUSINESS NEWS

Stowe Family Law, a Leeds-headquartered specialist family la...

 
25
 
Jan
 

Eastbourne seafront hotel on the market for £2.3m | COMMERCIAL PROPERTY

The Eastbourne Riviera Hotel, located on the town’s po...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Related News

 
09
 
May
 

Morrisons and EG Group in fight for McColl's | ADMINISTRATION

Morrisons and EG Group have submitted bids for McColl's...

 
19
 
Oct
 

EG Group’s £750m Asda forecourts acquisition collapses | BUSINESS NEWS

EG Group has announced that its planned £750 million a...

 
21
 
Jul
 

Walmart resumes Asda sale talks | BUSINESS SALE

American grocery giant Walmart has said it has revived talks...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources

Become a Member

News Categories

  • - Business Sale
  • - Division Sale
  • - Administration
  • - MBO/MBI
  • - Merger
  • - Commercial Property

View all news

logo
Our Services Distressed Businesses
  • Businesses for Sale
  • Distressed Companies
  • List a Business
  • Help with Finance
  • Buyer Acquisition Service
  • Small Businesses for Sale
Company Buy a Business
  • About BSR
  • Insights
  • News
  • FAQs
  • Reviews
Get In Touch
020 8875 0200
[email protected]
167 Oakhill Road, London, SW15 2QW
Working hours: Mon-Fri, 9am - 5:30pm
About BSR
Business Sale Report is the UK's leading
independent business for sale & distressed business listing service.
Established in 1995, BSR offers an up-to-the-minute, comprehensive overview of businesses for sale, latest distressed business listings and daily acquisition news.
Subscribe

Subscribe to our newsletter to receive news about the latest businesses for sale.

  • Terms
  • Privacy
  • linkedin
  • facebook
  • twitter
© 1995-2023. Business Sale Report Ltd. All rights reserved. www.business-sale.com.