Co-op Atlantic’s food, gas and retail businesses will be changing hands after member-owners voted in favour of selling them to Sobeys.
In a news release, Co-op Atlantic said members voted Tuesday night to proceed with the deal for its corporate stores.
Bryan Inglis, interim chief executive officer for Co-Op Atlantic, said the decision is the best option to ensure long-term viability of the almost 60 independently owned co-op stores across the region.
“Now those independently owned stores will be able to find a new wholesaler to provide products,” he said.
The deal will impact Co-op's corporate stores.
All of the independent stores around the region will stay as co-operatives and they have been in contact with Sobeys about entering into wholesale agreements.