MONTREAL — MTY Food Group Inc. has successfully acquired 60 per cent of La Diperie’s assets, pursuant to the original acquisition announcement made on Nov. 29, 2016. The total consideration for the transaction is approximately $0.9 million, paid in cash at closing and financed from MTY’s cash on hand. At the time of closing, La Diperie operates five franchise locations.
“La Diperie is a young, trendy and dynamic ice-cream-dip concept,” says Stanley Ma, chairman of the Board and CEO of MTY. “It represents a good addition to MTY’s portfolio of brands and has great expansion potential for the future.”
Following the transaction, La Diperie’s team, including its founder Sam Arif will move into MTY’s offices in Ville St-Laurent, Que.