Article Date 05/11/2019

Image from : Canadian Grocer

Calgary Co-op buys Community Natural Foods

Source Canadian Grocer

Calgary Co-op has acquired Community Natural Foods, an organic and natural food retailer with three stores in Calgary.


The announcement was made Monday and, according to a press release, signals Calgary Co-op’s commitment to “healthy lifestyles in our communities.” Under its new ownership, Community Natural Foods will run as a wholly-owned subsidiary, with its current staff and management remaining in place.

“As representatives of our 440,000 members, Calgary Co-op’s Board is pleased support the expansion of Calgary Co-op’s commitment to health and wellness, while providing Calgary Co-op members with the benefit of annual net earnings from the Community Natural Foods business,” said Calgary Co-op board chair Patricia McLeod.

To feed the growing demand for local, healthy and convenient products, Calgary Co-op said it would maintain and grow the relationships Community Natural Foods had built with its local vendors.

The Community Natural Foods acquisition comes mere months after Calgary Co-op said it would no longer purchase products for its grocery stores from Federated Co-operatives Limited (FCL). Calgary Co-op said the move would “better deliver choice and exceptional experiences to our members.”



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