MONTREAL — MTY Food Group Inc. has completed its acquisition of most of the assets of Casa Grecque. Originally announced in late October, the total consideration for the transaction is approximately $22.35 million.
The Casa Grecque network currently consists of 31 franchised restaurants, all of which are located in Quebec. Assets acquired also include a central kitchen and a distribution centre, which service the Casa Grecque restaurants as well as some external customers.
MTY will continue to run the Casa Grecque concept from its current headquarters in Laval, Que., under the leadership of Peter Mardakis.