1851 Franchise LogoFranchise

The trend of mergers and acquisitions permeating the food service industry continued this week as Canadian brand operator MTY Food Group Inc. announced it has acquired Papa Murphy’s Pizza on Thursday.

MTY bought the take-and-bake pizza franchise for $6.45 per share, giving the deal a valuation of $190 million. The restaurant brand parent company owns multiple franchise brands, including Pinkberry, Cold Stone Creamery, TCBY Frozen Yogurt and Planet Smoothie, among others.

According to an article in QSR Magazine, MTY’s combined network will represent roughly 7,378 stores globally as a result of the deal. Nation’s Restaurant News also noted that as of February 2019, MTY was operating 500 locations in 39 countries outside North America and the franchisor “anticipates working with Papa Murphy’s moving forward on growing top line sales and increasing franchise partner profitability.”

Read the full announcement here.

Don’t Miss the Next Big Franchise Story

Sign up for the 1851 Franchise newsletter to get our biggest stories before everyone else

By signing up, you agree to our user agreement (including class action waiver and arbitration provisions), and acknowledge our privacy policy.

Madeline Lena

About the Author

Madeline Lena

Follow

Maddie has spent her career in the media industry, serving in various editorial roles before migrating into a hybrid content strategy and PR role with No Limit Agency. Her passion for storytelling and love of writing help her create meaningful content on behalf of her clients and fulfill No Limit Agency’s mission to tell people-driven stories. 

Maddie is a graduate of Saint Louis University, where she studied Communications with a focus in journalism and media studies as well as Sports Business. In her spare time, Maddie can be found exploring Chicago’s food scene, watching an NBA game or lamenting over her middling fantasy baseball team.

More Articles Like This