November 20, 2013
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Roark Capital to Acquire Majority Position in CKE
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CKE Inc., owner of such restaurant chains as Carl’s Jr. and Hardee’s, has reached an agreement that will allow an affiliate of Roark Capital Group to acquire a majority stake in the company.
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Foodservice Warehouse Buys Loubat
FoodserviceWarehouse.com, a Denver-based foodservice equipment and supplies dealership, has purchased the assets of Loubat Equipment Co. The 137-year old Loubat had filed for Chapter 11 bankruptcy before Foodservice Warehouse purchased the assets of the New Orleans dealership. Exact terms of the deal were not disclosed.
Sam Tell and Son Jumps Into the Acquisition Pool with Paramount Deal
Sam Tell and Son affiliate Warren Acquisition LLC, has acquired the assets of Paramount Restaurant Supply Corp., a foodservice equipment and supplies dealership with offices in Warren, R.I., Phoenix and New York City. Terms of the self-funded deal were not disclosed.
This Week in Foodservice: Finding Qualified Foodservice Employees, Looking at Consumers’ Preference for Fast-Casual and More
This week we examine the complicated reasons why some foodservice operators can’t find help, despite high levels of unemployment. We also look at consumers’ preferences for fast-casual over fast food restaurants, follow up on last week’s McDonald’s story, and much more.
ITW Food Equipment Group Promotes Manson
ITW Food Equipment Group named Richard Manson business development manager for its Cooking – Chain and Retail Division. Manson is responsible for business development supporting growth initiatives for the fryer and griddle/charbroiler business units.
Steinbauer to become President of SICO America
SICO America Inc. will promote Ken Steinbauer to president, effective Dec. 31. SICO is a Minnesota manufacturer of mobile folding tables, stages, and portable dance floors.
Goglia Named President of David Burke Group
The David Burke Group, a multi-concept operator, added the role of CEO to current president Stephen Goglia.
Chorna Takes Flight with Johnny Rockets
Scott Chorna is the new senior vice president of international development for Johnny Rockets, which has more than 300 restaurants worldwide.
Imperial Brown Names Regional Sales Manager for Central U.S.
Imperial Brown named Richard R. Burrows Regional Sales Manager of its Central Division in the U.S.