MTY enters into an agreement to acquire Baja Fresh Mexican Grill and La Salsa Fresh Mexican Grill
Montreal (RestaurantNews.com) MTY Food Group Inc. (“MTY” or the “Company”) (TSX: MTY) announced today that one of its wholly-owned subsidiaries has signed an agreement to acquire all of the equity interest of BF Acquisition Holdings, LLC. (“BFAH”) (www.bajafresh.com and www.lasalsa.com).
Stanley Ma, Chairman of the Board and Chief Executive Officer of MTY, said: “Following the addition of Kahala last month, MTY intends to continue and accelerate its growth throughout North America, leveraging both its US platforms and Canadian platforms to acquire profitable restaurant concepts. The acquisition of Baja Fresh Mexican Grill and La Salsa Fresh Mexican Grill perfectly aligns with