Type | Consumers' cooperative |
---|---|
Founded | 1927 |
Headquarters | , |
Website | http://coopatlantic.ca/ |
Co-op Atlantic is a Canadian collectively owned consumers' cooperative. The cooperative is legally owned by its members and controlled by a board of directors. The head offices of Co-op Atlantic are located in Moncton, New Brunswick.
The company was founded in 1927 in Moncton as a small Agricultural supply agricultural co-operative whose main idea was to provide a means for local farmers to promote their livestock. Today the group has 128 member co-operative enterprises across Atlantic Canada and Quebec.
In 2015, Co-op Atlantic sold its grocery distribution operations to Sobeys. As part of the sale, Sobeys became the wholesale supplier for its member-owned grocery stores, while five Co-op grocery stores were sold to Sobeys and converted to Foodland, and five gas stations were sold to Sobeys and rebranded as either Shell or FastFuel. [1]
The following is a list of the main enterprises.
Name | Type of Co-op |
---|---|
Co-op stores | Supermarket |
Co-op Feed/Country Stores | Agricultural supply |
Co-op Fuels | Heating and Fuel Oils |
The Medicine Shoppe | Pharmacy |
Avide | Design-build |
RiteSTOP | Convenience store |
Maximum Security | Home and commercial security |
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A consumers' co-operative is an enterprise owned by consumers and managed democratically and that aims at fulfilling the needs and aspirations of its members. Such co-operatives operate within the market system, independently of the state, as a form of mutual aid, oriented toward service rather than pecuniary profit. Consumers' cooperatives often take the form of retail outlets owned and operated by their consumers, such as food co-ops. However, there are many types of consumers' cooperatives, operating in areas such as health care, insurance, housing, utilities and personal finance.
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