MTY Food Group to acquire Quebec restaurant chain Casa Grecque
The Casa Grecque network has 31 franchised restaurants in operation
MONTREAL – MTY Food Group Inc. has signed a deal to buy Casa Grecque, a Quebec restaurant chain.
Under the deal, MTY says it expects to pay $19.5 million for the assets, plus about $3 million for the inventory at closing.
The Casa Grecque network has 31 franchised restaurants in operation.
MTY says the network generated over $45 million in system sales in 2017.
The assets being acquired also include a central kitchen and a distribution centre that service the restaurants as well as some external customers.
The deal, which is subject to multiple conditions, is expected to close by the end of the year.