MTY Food Group said it bought the concepts outright through an affiliate, but did not divulge the purchase prices. Together, it said, The Counter and Built consist of 44 locations, 41 of which are franchised.
MTY noted that 34 of the restaurants are located in the United States.
“Since the acquisition of Kahala Brands in July 2016, MTY has been seeking potential additions to its strong portfolio of brands,” MTY CEO and founder Stanley Ma said in the announcement of the deal. “The Counter and Built fit that perfectly.”
MTY’s other brands include Manchu Wok, Taco Time and Yogen Fruz.
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