February 25, 2015
Richard Gentry Joins Paramount Restaurant Supply
Richard Gentry has joined the contract sales team for Paramount Restaurant Supply, a Rhode Island-based foodservice equipment dealership owned by Sam Tell and Sons.
FTC Challenges Sysco/US Foods Merger, Real Growth in 2015 and Much More
The good news about 2014 restaurant sales comes with a question mark. The Sysco/US Foods merger looks to be headed to court. Wait staff are far from getting rich but are also doing better than minimum wage. "I'm a drone and I'll be your server this evening." These stories and a whole lot more.
Middleby to Manufacture and Market Thurne Slicer Line
The Middleby Corporation will acquire the assets and the manufacturing facility of Marel's high speed slicing business unit, based in Norwich, United Kingdom. The slicing business has annual revenues of approximately $15 million, according to a Middleby release.
Darden Appoints Lee CEO
Darden Restaurants' Board of Directors has appointed Eugene Lee to serve as its chief executive officer effective immediately. Lee previously held the position on an interim basis.
Chanticleer Holdings to Buy BGR
Multi-concept operator Chanticleer Holdings, Inc. (NASDAQ: HOTR) reached an agreement to acquire BGR: The Burger Joint, a better burger concept that primarily serves the Maryland, Virginia and Washington, D.C. markets. The deal is expected to close around March 15, 2015.
Great Wraps Grows Leadership Team
Fast-casual concept Great Wraps announced a series of updates to its leadership team.
New Mountain Capital Acquires Diversified Foodservice Supply
KRG Capital Partners, a Denver-based private equity firm, has sold Diversified Foodservice Supply, a leading distributor of maintenance, repair, and operations parts, supplies, and equipment to the U.S. foodservice industry, to New Mountain Capital, an investment firm that currently manages more than $15 billion in assets. Terms of the deal were not disclosed.
Singer Equipment Promotes Two
Singer Equipment Co., the Elverson, Pa.-based foodservice equipment and supplies dealer, promoted Andrew Beauchamp to the newly created position of sales manager. Singer also promoted Rich Zang to vice president of purchasing and operations for Singer NY, LLC.
T&S Brass Hires Regional Manager
T&S Brass and Bronze Works hired Rajesh Chowdhury to serve as its regional sales manager for India.
Green Tip: Grand Depot Café at the Grand Canyon Railway & Hotel in Williams, Ariz.
Departing each day from the small town of Williams, Ariz., off the legendary Route 66, the Grand Canyon Railway 4960 enables travelers to view some of the country’s most iconic landscapes, something it has done since 1901.