The parent company of Irvine-based Baja Fresh Mexican Grill has been purchased for $27 million by a multi-brand Canadian hospitality giant with ties to Pinkberry and Cold Stone Creamery.
In the deal, Montreal-based MTY Food Group will assume ownership of BF Acquisition Holdings, which operates 162 Baja Fresh restaurants and 23 La Salsa Fresh Mexican Grill locations. MTY Food Group is a franchisor and operator of several quick service restaurants in Canada and the U.S. It recently acquired Kahala Brands, which operates 18 brands in 27 countries, including Pinkberry, Planet Smoothie, tasti D-lite, Maui Wowi, Taco Time, Cold Stone Creamery and Blimpie.
Read the whole article here: http://www.ocregister.com/articles/fresh-728471-baja-mex.html