June 1, 2011
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Restaurant Industry Remains on Expansion Path
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The National Restaurant Association’s (NRA) Restaurant Performance Index (RPI) stood at 100.9 in April, marking the fifth consecutive month it exceeded 100, signaling expansion in the index of key industry indicators. Positive same-store sales and solid optimism among restaurant operators for continued growth are the key factors driving these results, according to the NRA.
SPG Adds Edwards to Sales Team
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Karen Edwards was named the vice president of sales for SPG International, LLC (SPG), manufacturer and distributor of storage products and material handling equipment for the foodservice industry.
FE&S Special Editorial
Harris to Lead Clean River Recycling Systems’ New U.S. Entity
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Recycling and waste management industry veteran Cliff Harris has been appointed business development manager of CleanRiver USA, Inc. For the past 20 years, the company has operated in the United States under the name Midpoint International Inc., working from its Ontario, Canada, headquarters.
In Memory of Charles Fadel
Charles "Chuck" Fadel, the retired chief executive officer of Fadels Food Service Equipment and Supplies, a Charlotte, N.C.-based dealer, passed away on May 18. He was 86 years old.
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Doyon Named President of Middleby Canada
The Middleby Corporation named Karl Doyon president of Middleby Canada. In this role, Doyon is responsible for all of the Middleby brands in the Canadian territories, including directing sales, overseeing customer support, service and product distribution.
Chain Operating Report for June 1
Jamba Juice, Top that Pizza!, Tossed and UFood all announced expansion results this past week.
Tim Hortons Launches Leadership Succession Plan
Paul House has replaced Don Schroeder as chief executive officer of Tim Hortons Inc. House, the company's chairman and former CEO, will fill the position on an interim basis while the company searches for a permanent replacement.
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CPK to be Sold for $470 Million
An affiliate of Golden Gate Capital has reached an agreement to purchase California Pizza Kitchen, Inc. for approximately $470 million. The transaction is currently expected to close in the third quarter of this year.
In Memory of Thomas Funka
Thomas Murray Funka, Sr., the retired owner of The Zeroll Company, passed away on May 7. He was 76 years old.