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.
MP Blames Senior Management Failures for Prolonged Closure of Eastfield Medical Centre
Calls Mount for 'Emergency' 20mph Speed Limit on Whitby's New Bridge
Bridlington Town Unveils Bold Five-Year Vision Rooted in Community Ownership
£40,000 Investment Brings New Fitness Challenge to Seamer and Crossgates Community
Planners Reject Hunmanby Hall Holiday Let Conversion Plan
Urgent Demolition of ‘Unsafe’ Pathology Building Proposed at Scarborough Hospital
Coastal Communities on Alert as Flood Warnings Issued Along Yorkshire Coast
Filey MP Hits Out At Proposed Tourism Tax
East Riding Finance Chief Presents Improved Budget Picture
Half A Million Award For North Yorkshire To Deliver Bus Pilot
Technology Investment Helps North Yorkshire Fire Service Maintain Cover During Langdale Moor Wildfire
£70,000 Road and Footpath Improvements Get Underway in Bridlington
Comments
Add a comment