Foodtastic buys Enoteca Monza Pizzeria Restaurants
By Canadian Pizza
By Canadian Pizza
Montreal – Foodtastic Inc. has acquired Enoteca Monza Pizzeria Restaurants, a growing full-service Italian restaurant concept in the Montreal area with an extensive food commissary.
“We are excited to add Monza to our portfolio of leading restaurants. This acquisition of a homegrown Quebec business is consistent with our strategy of acquiring brands with growth potential that complement our existing brand portfolio,” said Peter Mammas, president and chief executive officer of Foodtastic, in a news release.
“We expect to grow the Monza brand immediately with four new locations in the Montreal area expected in 2019, and locations in Quebec City and the Outaouais region slated for 2020. We believe the Monza acquisition will leverage our marketing, purchasing and operational systems to better serve our existing franchisees.”
Michael Gutfeld, co-founder of Foursome Restaurant Group (parent company of Enoteca Monza Pizzeria Moderna), said, “We’ve had a great run and an incredible experience building our restaurants and commissary over the last nine years. We’re extremely proud of the brand we built and the void we filled in the upscale casual Italian food market. We are thankful for what became a loyal clientele following, and we trust Foodtastic will apply their industry knowledge and expertise to this great brand, and take it to the next level of growth and expansion.”
Chef Vito Dachille of Enoteca Monza Pizzeria Moderna in Laval, Que., was runnerup in Canadian Pizza’s Chef of the Year competition in 2014.
Monza is the first of several expected acquisitions financed by a recently announced $47 million investment in Foodtastic.