Statement: MEC Sold to Investment Firm, Union Members Continue to be Protected with Contract
Mountain Equipment Co-Op advised UFCW 1518 today that it intends to sell the member-owned co-operative to an American investment firm.
MEC has operated as a member-owned co-operative for nearly fifty years and built a reputation over that time for upholding community values. We are saddened that MEC’s 5.1 million members were not consulted about the sale and sad to see a well-loved co-operative business change to private ownership.
The collective agreement between UFCW 1518 members and the company remains in place and will continue under the new ownership. As we learn of more details, we will keep our members informed.
If you have any questions, please reach out to your shop stewards and we will try to address them promptly.