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