MTY Food Group acquires Allo! Mon Coco chain of breakfast and lunch restaurants

MONTREAL – MTY Food Group Inc. has signed a deal to acquire Allo! Mon Coco, a chain of breakfast and lunch restaurants.

Financial terms of the deal were not immediately available.

Allo! Mon Coco has 39 franchised restaurants including 38 in Quebec and one in Ontario.

MTY says the chain had roughly $57 million in system sales in the last 12 months.

The deal includes the Allo! Mon Coco trademark for the world except the United States. Under the deal, MTY will obtain a right of first refusal should the owners of the trademark for the United States decide to sell it.

MTY is a franchisor and operator of a broad range of restaurants including shopping mall food court staples such as Thai Express, Vanellis and Manchu Wok, as well as full-service restaurants such as Baton Rouge, Pizza Delight and Scores.

Companies in this story: (TSX:MTY)