May 10, 2017
MTY to Acquire The Works
MTY Food Group Inc. will acquire the assets of The Works Gourmet Burger Bistro for $8 million.
MTY Acquires Steak Frites St-Paul
On the heels of its acquisition of The Works Gourmet Burger Bistro, MTY Food Group Inc. added Steak Frites St-Paul and Giorgio Ristorante to its portfolio for $0.3 million.
Private Equity Acquires MOOYAH
Balmoral Funds acquired fast-casual better-burger chain MOOYAH Burgers, Fries & Shakes in partnership with private investment company Gala Capital Partners.
SEFA Appoints Kelly Cain CEO
The Supply & Equipment Foodservice Alliance (SEFA) appointed Kelly Cain to the role of CEO. She will also maintain her CFO role with SEFA.
Togo’s Plans Leadership Transition
Tony Gioia, chairman and CEO of Togo’s Holdings LLC, plans to retire, effective May 31. Togo’s will promote Glenn Lunde to CEO from chief concept officer, effective June 1.
Restaurant Sales and Traffic Up, Pizza Hut to Upgrade Equipment, and FDA Postpones Mandatory Calorie Postings
The NRA reports March came on strong. Pizza Hut operators will be buying new equipment. Foodservice operators have added more than a quarter of a million employees in the past year. C-store foodservice earns a greater percentage of sales. The FDA postpones mandatory calorie postings until next year. These stories and a whole lot more This Week in Foodservice.
Bojangles’ Names Romeo Vice President and Chief of Staff
Bojangles’ has promoted Jayson Romeo to vice president and chief of staff, responsible for operations support, corporate training, and facilities and maintenance.
DayMark Adds VP of Business
Duane Carey has joined DayMark Industries as director of business development/emerging markets to help take DayMark’s existing product line into non-foodservice sectors.
Hill Associates Adds to its Sales Team
Pam Shields has joined Hill Associates serving as a territory manager. She will cover Wyoming and Colorado for the New Mexico-based rep firm.
T&S Brass and Bronze Works Adds to Marketing Team
T&S Brass and Bronze Works has hired David Scelsi as marketing product manager to manage and grow the manufacturer’s foodservice and plumbing product portfolios.
Foldcraft Names Quam CEO
Foldcraft Co. appointed Dale Quam to serve as the company’s CEO. Quam has served as interim CEO since 2016. He succeeds Daniel Ruedinger, who tendered his resignation but will continues to serve on the company’s board of directors.
Meet FE&S’ Dealer of the Year: Johnson-Lancaster and Associates
Johnson-Lancaster and Associates’ three-prong business strategy consists of the original namesake dealership that handles contract work, design-build projects and chain business; kitchenstock.com, the company’s e-commerce platform; and JLA Equipment Distributors, its distribution business. Backing the business acumen of its leaders lies the real secret to the company’s success: its corporate culture.