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Foodtastic Inc. Announces Acquisition of Noodlebox, Expanding its Restaurant Portfolio

CNW Group
·2 min read

MONTREAL, Oct. 24, 2023 /CNW/ - Foodtastic Inc., a leading franchisor of restaurant brands in Canada, is thrilled to announce its recent agreement to acquire Noodlebox, one of the fastest growing Quick Service Restaurant brands in the country. This strategic acquisition marks a significant milestone for Foodtastic as it continues to expand its presence in the quick service restaurant segment.

Noodlebox (CNW Group/Foodtastic)
Noodlebox (CNW Group/Foodtastic)

"We are delighted to welcome Noodlebox into the Foodtastic family," said Peter Mammas, President and CEO of Foodtastic. "Noodlebox's reputation as a top-tier Quick Service Restaurant brand aligns perfectly with our commitment to providing exceptional dining experiences to our customers. We look forward to working closely with all our new franchisees and driving the growth of the Noodlebox brand across Canada."

Dustin May, CEO of Noodlebox added, "it is with great pleasure that I announce the sale of Noodlebox, to Foodtastic. We believe that Foodtastic is the perfect home for Noodlebox, and that together we will continue to uphold the values and quality that Noodlebox is known for."

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He went on to add, "Noodlebox has thrived with 46 locations now open and a further 50 in the development pipeline, and we believe that Foodtastic and our Noodlebox leadership team will create a bright future for our dedicated franchisees, team members and loyal guests."

About Foodtastic

Foodtastic is a leading franchisor of restaurant brands in Canada. Over the next year, including Noodlebox, Foodtastic expects approximately 1 billion dollars of North American system sales across a network of over 1,200 new and existing stores. Foodtastic continues to drive growth through strategic acquisitions, new store development, and innovation.

Foodtastic's diverse range of brands includes popular names such as Freshii, Quesada, Second Cup, Pita Pit, Milestones, Fionn McCool's, Shoeless Joe's, Benny, La Belle et La Boeuf, and Monza.

For more information about Foodtastic and its portfolio of restaurant brands, please visit www.foodtastic.ca

Noodlebox (CNW Group/Foodtastic)
Noodlebox (CNW Group/Foodtastic)

SOURCE Foodtastic

Cision
Cision

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/October2023/24/c9342.html