Aegis Brands to Acquire Ottawa's Bridgehead Coffee
Source Cision Newswire
The Second Cup Ltd. announced that Aegis Brands has agreed to acquire Ottawa-based
Bridgehead Coffee, the Company's first acquisition since it announced
its new operating structure and strategy last month. Aegis Brands also
owns Canadian specialty coffee retailer Second Cup Coffee Co.
Bridgehead has nineteen coffeehouses in Ottawa,
including its landmark Roastery. All Bridgehead coffeehouses serve food
made daily from scratch in the company's Kitchen and Bakery, using
local and seasonal ingredients.
All nineteen locations are
corporately-owned, and have consistently delivered strong financial
results in a competitive coffee market. All coffeehouses will continue
to operate under the Bridgehead name following the acquisition.
$9.5 million acquisition is the first under Aegis' new strategy; Bridgehead will continue to operate as an independent brand