MTY to Acquire Mr. Sub


MONTREAL — First it was Koryo Korean BBQ, and now Mr. Sub is expected to soon fall under the MTY Tiki Ming Enterprises Inc. umbrella.

MTY Food Group Inc., operator and franchiser of more than 1,700 quick-service restaurants, is expected to acquire Mr. Sub’s assets on or before Oct. 31. The sandwich company, which operates throughout the country, with the largest concentration of stores in Ontario, is MTY’s largest acquisition yet.

An MTY press release about the acquisition stated that Mr. Sub’s addition to the MTY brand would “reinforce MTY’s presence on the street” and “diversify the company’s range of offering[s] and strengthen the company’s market share in the quick-service food industry.”

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