Foodtastic Acquires Archibald Restaurants
Foodtastic has acquired Archibald Restaurants for an undisclosed price.
The franchisor said it has completed the acquisition and is looking to expand the Quebec-based chain’s footprint.
“We see tremendous potential in expanding the Archibald concept and are eager to embark on this journey,” said Peter Mammas, Foodtastic’s president and CEO.
The company said it has ambitious plans to open several new Archibald restaurants over the next 24 months to further solidify the brand’s presence across Quebec and within Canada.
Foodtastic Inc. is a leading franchisor of restaurant brands in Canada, with over 1,100 restaurants and $1.1 billion in sales. With an extensive presence both domestically and internationally, Foodtastic Inc. continues to drive the growth and success of its portfolio through strategic acquisitions and innovative culinary experiences.
Foodtastic diverse brands include, among others, Freshii, Quesada, Second Cup, Pita Pit, Milestones, Fionn McCool’s, Shoeless Joe’s, Benny, La Belle et La Boeuf and Monza.
- ◦Lease
- ◦Sale/Acquisition
- ◦Development