SYRACUSE, N.Y.--(BUSINESS WIRE)--
Carrols Restaurant Group, Inc. ("Carrols") (Nasdaq:TAST) announced that
on June 6, 2017, the Company completed the acquisition of Republic
Foods, Inc. which operates 17 BURGER KING® restaurants in Maryland,
specifically in the Baltimore and Washington markets.
Daniel T. Accordino, the Company's Chief Executive Officer said, "We are
pleased to complete this transaction which we obtained through the
exercise of our right of first refusal. We are excited since this
acquisition provides a strategic entry point for us to further expand
our presence in the mid-Atlantic region going forward. These
restaurants, with average sales volumes of almost $2.0 million, are also
significantly higher than our system average and should be highly
accretive as we integrate them with our existing operations."
About the Company
Carrols is the largest BURGER KING® franchisee in the United States with
804 restaurants as of June 12, 2017 and has operated BURGER KING®
restaurants since 1976. For more information on Carrols, please visit
the company's website at www.carrols.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170612006243/en/
Carrols Restaurant Group, Inc.
Source: Carrols Restaurant Group, Inc.
News Provided by Acquire Media