EG Group Moving U.S. Headquarters to Cumberland Farms Facility
CINCINNATI — Just a few weeks after completing its acquisition of Cumberland Farms, EG Group is on the move.
The United Kingdom-based company — which entered the U.S. in April 2018 when it acquired The Kroger Co.'s portfolio of 760 convenience stores — will be moving its U.S. headquarters from Cincinnati to Westborough, Mass., home of Cumberland Farms' office and warehouse facility. The move will be effective Jan. 1, 2020.
"The Cumberland Farms office and warehouse facility includes a vertically integrated culinary center, fuel hauling and product distribution center, and a world-class office space offering ample room for growth," stated Mohsin Issa, founder and co-CEO of EG Group. "Knowing we have outgrown the Cincinnati location and understanding the importance of having the entire team in one place for collaboration and partnership, we believe it is in the best interest of the business to support the 1,680 stores operating in 31 states from this facility."
EG Group has steadily built up its presence in the U.S. over the last 18 months through its EG America subsidiary. In addition to the acquisitions of Cumberland Farms and The Kroger Co.'s c-store portfolio, the company has picked up several regional players, including Ohio-based Certified Oil; Syracuse, N.Y.-based Fastrac Markets; and Minit Mart, the former c-store arm of Westlake, Ohio-based TravelCenters of America.
Following the Kroger acquisition, EG America brought on the company's 40-person convenience store team and chose to keep the office where it was headquartered in downtown Cincinnati. Within one year of that acquisition, EG America brought on an additional 140 employees.
In an Oct. 31 Worker Adjustment Retraining Notification (WARN), EG America told the Ohio Department of Job & Family Services that it is permanently closing its Cincinnati headquarters at 302 W. Third St. by Dec. 31, and laying off nearly 200 employees.