Global Foodservice News
Ark MFG Expands its Fabrication Business
Ark MFG has acquired North American Kitchen Solutions’ stainless steel custom fabrication division. Financial terms of the deal were not disclosed. The transaction includes the following stainless steel fabrication brands: Stainless Specialties Inc. located in Ohio, Lane Manufacturing located in Georgia and Custom Kitchen Fabricators located in Texas. Selling its custom fabrication business will allow…
Read More4×4 Capital buys Bob Evans
Bob Evans Restaurants has a new owner after 4×4 Capital acquired the family dining chain from Golden Gate Capital. The 78-year-old restaurant chain has more than 400 locations spanning 18 states. CEO Mickey Mills and her team will continue to lead the company, per a release announcing the deal. Gustavo Assumpção, 4×4 co-founder and partner,…
Read MoreAeriTek Acquires Federal
AeriTek Global Holdings LLC acquired Federal Industries from Standex Industries. Terms of the deal were not disclosed. Wisconsin-based Federal Industries manufactures refrigerated, heated and ambient food and beverage merchandising display cases for the foodservice operators spanning a variety of segments. A portfolio company of private equity firm Mill Point Capital, AeriTek’s manufactures products made under…
Read MoreAli Group Brews BUNN Acquisition
Multinational foodservice equipment manufacturer Ali Group has acquired Bunn Commercial LP, formerly known as Bunn-O-Matic Corporation. Terms of the transaction were not disclosed. Ash Grove BuildingIn North America, BUNN will operate as part of Ali Group’s Welbilt portfolio. Founded in 1840, Bunn Commercial LP began its beverage equipment business in 1957 and was incorporated in…
Read MoreHow restaurants can prepare for an influx of aging diners
People aged 65 and older will account for 18% of all U.S. restaurant spending in 2030, up from just 10% in 2025, according to Technomic. An aging U.S. population will reshape the restaurant industry in the years ahead, experts say. A major demographic shift is on the horizon, with all Baby Boomers reaching retirement age…
Read MoreGong cha buys 170 US stores from master franchisee
The purchase will help the bubble tea brand strengthen its U.S. system and ultimately speed up growth as it targets 1,000 units in the country. Dive Brief: Gong cha, a bubble tea concept with over 2,200 units globally, has acquired 170 U.S. locations from a master franchisee, a majority of its roughly 240 stores in…
Read MoreJimmy John’s promotes CMO to president
Darin Dugan succeeds James North, who spent more than 20 years as the chain’s brand president. Dive Brief: Jimmy John’s promoted its chief marketing officer, Darin Dugan, to brand president as part of a broader shift in the chain’s executive leadership, the brand said Monday. Dugan succeeds James North, who has served as Jimmy John’s…
Read MoreKrystal promotes Amanda Hyde to chief operating officer
She will report to G.J. Hart, chief executive officer of parent company SPB Hospitality Krystal has promoted Amanda Hyde to chief operating officer. In her elevated role, she will report directly G.J. Hart, chairman and chief executive officer of parent company SPB Hospitality. Hyde brings more than two decades of restaurant industry experience spanning operations,…
Read MorePlanta’s Ch. 11 bankruptcy converted to liquidation
A Delaware court approved the Chapter 7 declaration once the debtor stated no other options were available Planta, a plant-based restaurant chain founded in Toronto in 2016, will be liquidated following a court approval to convert its Chapter 11 bankruptcy case to Chapter 7. A Delaware judge ruled on the decision following the debtor’s statement…
Read MoreLogan’s Roadhouse is sold to Cicis owner SSCP
Previous owner SPB Hospitality will shift focus to its upscale-casual concepts like J. Alexander’s, while SSCP expands into the steakhouse category. Logan’s Roadhouse has quietly changed hands. SPB Hospitality sold the steakhouse chain to SSCP Management, which owns Cicis Pizza, Corner Bakery and Roy’s and also operates dozens of Applebee’s and Sonic restaurants. Terms of…
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