A management buy-in has brought the Scarborough based baker back under local ownership.
Coopland & Son (Scarborough) Ltd, has officially been acquired from EG Group, bringing its ownership back to a team of locally based investors. The sale marks a return to the region where the brand was originally founded in 1885.
The management buy-in was spearheaded by David Salkeld, who is set to reassume his role as Chairman of the organisation. He is supported by Paul Coopland, a member of the original Cooplands family, who will return to the business as Non-Executive Director.
The leadership team will continue to include John Ruddock, who has served the business for over 20 years and remains as CEO. Two new executives, John Kitson (CFO) and Steph McGinty (HR & Transformation Director), complete the new management structure.
Speaking on the purchase, John Ruddock, CEO of Cooplands, expressed pride in the outcome, attributing the move as a return to local expertise.
“It is with genuine pride that we announce today’s purchase, which brings Cooplands back under the management of a locally based team with strong and established knowledge of our organisation, our colleagues, suppliers and customers,”
He further asserted that the change in ownership provides a strategic opportunity for the future of the company, while ensuring the preservation of the brand's heritage, adding..
“This gives us the opportunity to focus on strategic growth for the future, whilst preserving the traditional values and excellence for which the brand has been known and respected for over 140 years,”
The bakery business, which currently employs more than 1,400 colleagues, operates two bakeries responsible for manufacturing freshly baked products. These products are distributed through its supply and logistics network to 154 stores located predominantly across the north-east and Yorkshire regions.
Cooplands was founded in 1885 by Frederick and Alice Coopland, originally operating as a pork butcher and pie maker.
Storm Dave Set To Hit The Yorkshire Coast
Scarborough Celebrates 400th Anniversary Of Spring Water Discovery With Year-Long Exhibition
Scarborough Athletic's Captain Fantastic Heads Last Gasp Winner
Bridlington Woman Fined For Fly-Tipping
Whitby Town Beaten In First Half Of Easter Double
Filey Road Development Proposed For Scarborough
North Yorkshire Councillors' Concern Over Possible Freedom of Information Restriction
Scarborough School Wants To Build New 'Edwardian' Pavilion
Bridlington Town Manager Scott Kerr Calls For Fan Support Ahead Of Blyth Town Clash
Whitby Rugby Go To Seaham
Holiday Park Near Filey Requests Alcohol Licence
Pickering Town End Season With Trip to Champions Elect
Comments
Add a comment