Photography via Willow Park Wines & Spirits
Calgary Co-op has struck a deal to acquire Willow Park Wines and Spirits.
The transaction, expected to close early this year, includes the retailer’s two Calgary locations in Willow Park and Eau Claire, its Regina store and its business-to-business sales and distribution centres in Calgary, Edmonton and Regina.
Calgary Co-op plans to keep Willow Park Wines & Spirits as a wholly-owned subsidiary.
Accordingly, as a separate entity, purchases at Willow Park Wines & Spirits will not apply to Calgary Co-op patronage. Willow Park Wines & Spirits will also continue to maintain its current loyalty program.
“The acquisition of Willow Park Wines & Spirits demonstrates our ongoing investment in the community and our business,” Ken Keelor, CEO of Calgary Co-op, said in a statement. “This represents the coming together of two long-time, community-focused Calgary retailers with deep roots in the Calgary community. We look forward to building on the strong legacy of the Willow Park brand. We are committed to the Willow Park Wines & Spirits team, and we will learn from them to create new opportunities together.”
Willow Park Wines & Spirits was established in 1994 by the Henuset family.
“We have found a great partner and we are thrilled that the business will continue to be locally-owned,” Scott Henuset, outgoing owner of Willow Park Spirits & Wines, said in a statement. “Through this acquisition, Willow Park Wines & Spirits will continue to grow as a brand in its key markets.”