Montreal quick-service franchisor MTY merges with Kahala Brands
By Canadian Pizza
News johnnie's new york pizzeria kahala kahala brands mtyMontreal – MTY Food Group, a franchisor and operator of 40 concept restaurant brands headquartered in Montreal, will merge with Kahala Brands, parent company of 18 brands, including Johnnie’s New York Pizzeria.
MTY signed an agreement to acquire the shares of Kahala Brands, Ltd. System-wide sales approximately $1 billion Canadian among its 40 brands, according to a company news release.
The closing of the partnership is expected to happen within the next 75 days and a statement will be furnished to all Kahala Brands stockholders within approximately the next 10 business days.
Immediately following the closing of the merger, Kahala Brands will continue to be operated out of its current headquarters in Scottsdale, Ariz., according to the release.
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