Red Robin Gourmet Burgers Inc. entered into asset purchase agreements to acquire Mach Robin, LLC And Red Robin Restaurants of Canada Ltd. for $40 million.
April 30, 2014 at 12:00 am EDT
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Red Robin Gourmet Burgers Inc. (NasdaqGS:RRGB) entered into asset purchase agreements to acquire Mach Robin, LLC And Red Robin Restaurants of Canada Ltd. for $40 million in cash on April 30, 2014. The purchase price is subject to certain purchase price adjustments. The acquisition is subject to customary closing conditions and is expected to close late summer 2014.
Maria Frank of Coyne PR acted as public relations advisor for the transaction.
Red Robin Gourmet Burgers, Inc., together with its subsidiaries, primarily operates, franchises, and develops casual dining restaurants in North America. The Company's menu features its signature product, a line of Gourmet Burgers with layers of fresh ingredients and fresh ground beef. It also offers burgers made with other proteins including chicken breasts (grilled or fried), turkey patties, as well as a proprietary vegetarian patty and the Impossible plant-based burger patty. The Company offer a selection of buns, including gluten free, sesame, brioche, and lettuce wraps, with a variety of toppings, including house-made sauces, crispy onion straws, sauteed mushrooms, several cheese choices, and a fried egg. It serves an array of other mainstream items, such as Donatos pizza, wings, salads, other entrees, and desserts. The Companyâs beverage categories include alcoholic and non-alcoholic specialty drinks, cocktails, wine, and a variety of national and craft beers.
Red Robin Gourmet Burgers Inc. entered into asset purchase agreements to acquire Mach Robin, LLC And Red Robin Restaurants of Canada Ltd. for $40 million.
RED ROBIN GOURMET BURGERS, INC. 
