Calgary Co-op is making a big acquisition, adding Willow Park Wines & Spirits to its portfolio.
The deal is for the purchase of the Willow Park Wines & Spirits Willow Park and Eau Claire locations, plus a location in Regina and B2B distribution centres in Calgary, Edmonton and Regina.
Calgary Co-op’s CEO said they’re looking forward to continuing the legacy of the Willow Park Brand.
“The acquisition of Willow Park Wines & Spirits demonstrates our ongoing investment in the community and our business,” said Ken Keelor, CEO of Calgary Co-op, in a prepared media release.
“This represents the coming together of two long-time, community-focused Calgary retailers with deep roots in the Calgary community.”
Willow Park Wines & Spirits was established nearly 30 years ago by the Henuset family. Part of the organization’s succession plan was to find a buyer that shared their values.
“We have found a great partner and we are thrilled that the business will continue to be locally-owned,” said Scott Henuset, owner.
“Through this acquisition, Willow Park Wines & Spirits will continue to grow as a brand in its key markets.”
Calgary Co-op plans to keep Willow Park as a wholly-owned subsidiary operated as a separate entity. The operations will keep their patronage programs separate – so Willow Park purchases won’t count towards the Calgary Co-op program. Willow Park will keep its current loyalty program.
The deal is expected to close sometime in early 2023, Calgary Co-op said.
