Calgary Co-op has announced the acquisition of Community Natural Foods. The sale is part of the succession plan for Community Natural Foods’ owner and represents the joining of two community-focused Calgary retailers.
“As representatives of our 440,000 members, Calgary Co-op’s board is pleased to support the expansion of Calgary Co-op’s commitment to health and wellness, while providing Calgary Co-op members with the benefit of annual earnings from the Community Natural Foods business,” said Patricia McLeod, Board Chair of Calgary Co-op.
With more than 100 years combined of community presence and a similar set of values, Calgary Co-op and Community Natural Foods are looking forward to learning from each other and taking the Community Natural Foods brand further as part of the Calgary Co-op family.
“I really want to thank Calgarians for their loyalty and the Community Natural Foods team for their passion to provide our city with natural and organic food,” said Garry Wilkes, Community Natural Foods founder and owner. “It’s been an amazing 42-year journey and it was my personal wish to sell to a buyer who would steward the Community Natural Foods business and brand carefully and thoughtfully,” Wilkes said. “The Calgary Co-op team is the perfect fit as our two organizations share similar values and a deep connection to this community.”
Calgary Co-op plans to operate Community Natural Foods as an independent, wholly-owned subsidiary with the same commitment to local and organic products and the current staff and management structure in place.