Thu, 02 Oct 2025 | MBO/MBI
Cooplands, a bakery chain with stores across Yorkshire, the North East and Lincolnshire, has been acquired from EG Group through a management buy-in (MBI). Cooplands, which was founded as a butcher and pie maker in 1885, has 154 stores and employs more than 1,400 staff.
The company, which is headquartered in Scarborough, owns and operates two bakeries that produce freshly-baked products, which are subsequently distributed to Cooplands stores through the firm’s supply and logistics network.
In accounts for the year to December 31 2023, Coopland & Son (Scarborough) Limited generated turnover of £68.7 million, compared to £56.1 million in the period from April 1 2022 to December 31 2022, but saw its post-tax losses widen from around £11.7 million to nearly £18 million.
The company has now been acquired in an MBI led by chairman David Salkeld, who will reassume his role, supported by Cooplands family member Paul Coopland, who returns to the business as a non-executive director.
Cooplands was previously acquired by EG Group in October 2021, in a deal that provided an exit for investor BGF.
John Ruddock, Chief Executive of Cooplands, commented: "It is with genuine pride that we announce today's purchase, which brings Cooplands back under the management of a locally based team with strong and established knowledge of our organisation, our colleagues, suppliers and customers."
"This gives us the opportunity to focus on strategic growth for the future, whilst preserving the traditional values and excellence for which the brand has been known and respected for over 140 years."
EG Group said: "This sale represents another positive step in EG Group's ongoing strategy to focus on its core markets in the US and Europe, as the Group develops a platform for further growth through its world-class grocery and merchandise, foodservice and fuel retail proposition.”
EG Group added that Cooplands’ incoming management team was “well-positioned to support it in its next chapter."
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