June 15, 2022 - 4:51 AM
MARKHAM, ONT. - The parent company of Mary Brown's Chicken has signed an agreement to acquire Fat Bastard Burrito Co.
Financial terms of the deal were not immediately available.
MB International Brands says the acquisition will combine two highly complementary franchise networks and create one of the largest privately held quick-service restaurant companies in Canada.
The burrito chain was founded in Toronto in 2010 and operates or has under development over 75 locations across Ontario.
Mary Brown's Chicken was founded in St. John's, N.L., in 1969 and has around 215 stores across Canada.
The transaction is expected to close on June 30.
This report by The Canadian Press was first published June 15, 2022.
News from © The Canadian Press, 2022