// EG Group acquires bakery business Cooplands
// The group, owned by Issa brothers, agreed to buy the UK’s second largest bakery chain
// EG Group plans to invest in the Cooplands brand and fresh food offer
EG Group has acquired bakery business Cooplands as it seeks to expand its foodservice portfolio.
The group, owned by Issa brothers, agreed to buy the UK’s second largest bakery chain, which employs more than 1600 people.
The deal will provide a platform to diversify the Cooplands brand into the transient petrol forecourt and retail convenience store channel.
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EG Group plans to invest in the Cooplands brand and fresh food offer.
“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,” Zuber and Mohsin Issa said.
“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.
“We know that Cooplands’ impressive bakery platform and our food service expertise will be a winning combination.”
EG Group said the deal will add “highly complementary assets that will drive development opportunities in other parts of the business”.
The acquisition follows EG Group’s acquisition of Leon in May.
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