Financing

Fatburger owner acquires Yalla Mediterranean

Fat Brands adds its seventh brand with the purchase of the seven-unit chain.
Photograph courtesy of Fat Brands

Fatburger owner Fat Brands on Tuesday said it has acquired the seven-unit California chain Yalla Mediterranean.

Terms of the deal were not disclosed. The purchase gives Los Angeles-based Fat Brands its seventh concept to go along with Fatburger, Buffalo’s Cafe, Buffalo’s Express, Ponderosa Steakhouse, Bonanza Steakhouse and Hurricane Grill & Wings.

Yalla gives Fat Brands a healthier brand. The company uses compostable bowls, trays and utensils and has a menu with vegetarian, vegan, gluten-free and dairy-free options. It also serves beer and wine.

“Yalla Mediterranean’s commitment to authentic, healthy and responsibly-sourced products aligns strongly with Fat Brands’ commitment to providing guests with high-quality, made-to-order meals,” Fat Brands CEO Andy Wiederhorn said in a statement. He said Fat Brands will help Yalla expand in existing markets and into new markets with franchisees.

Fat has been on a buying binge since last year, when it acquired Ponderosa and Bonanza. It purchased Hurricane Grill for $12.5 million in July.

The company’s largely franchised brands operate more than 300 locations and have annual system sales of more than $300 million.

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