MTY Food Group buying Wetzel's Pretzels for $284 million in cash Nov 2, 2022 Nov 2, 2022 Updated Nov 2, 2022 SMS Email The Groupe MTY offices are seen in Montreal on January 23, 2020. THE CANADIAN PRESS/Ryan Remiorz ryr SMS Email Print Copy article link Save MONTREAL - MTY Food Group Inc. has signed an agreement to buy the company that owns the Wetzel's Pretzels chain for $284 million in cash.MTY chief executive Eric Lefebvre says the deal adds an iconic brand to MTY's U.S. portfolio and strengthens its position in the snack category.Wetzel's Pretzels is a franchisor and operator with a network of over 350 locations, 90 per cent of which are franchised.The chain has locations in 25 states in the U.S., as well as in Canada and Panama. The deal is subject to customary closing conditions including regulatory approvals.MTY franchises and operates restaurants under about 90 different banners in Canada, the United States and internationally.This report by °µÍø½ûÇø was first published Nov. 2, 2022.Companies in this story: (TSX:MTY) °µÍø½ûÇø. All rights reserved. SMS Email Print Copy article link Save Tags Business Food Retail More Quebec Stories CF Montreal doing 'a lot right,' just not scoring Quebec won't accept some applications for sponsorship of immigrants until 2026 RCMP arrest suspect in Montreal on terrorism allegations after tip from FBI Group of investors submits revised offer to buy Quebec-based Lion Electric One worker dead, two injured after collapse at construction site north of Montreal Montrealer ordered to pay $35,000 fine for not declaring luxury watch at border Thousands of Quebec hotel workers could walk off the job next week for 24 hours Officials advise Albertans to postpone May long weekend plans due to wildfires Unpaid hydro bills: Quebec says Indigenous protest 'not a good solution' +2 Quebec AI institute Mila names Hugo Larochelle as scientific director You might be interested in Carney surprises many with appearance at long-distance trail race New Brunswick is delaying the release of a report about a mystery brain disease +5 A New Zealand father who evaded authorities with his 3 children for years is shot dead by the police Many EV owners say they're undeterred after the federal government's mandate pause Sponsored Content Events Coming Up in September +5 Credit unions embrace ‘waves of change’ at CCUA’s national conference “We should be the Taylor Swift of financial institutions.†Similar Stories Citing illness, Canadian rider Mike Woods pulls out of his swansong race in Montreal Former Nunavik police officer sentenced to seven years for sex crimes Keeping Elks' Rankin in check a stiff test for Argonauts' defence
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