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Wetzel's Pretzels


MTY Food Group completes its acquisition of Wetzel’s Pretzels

The $207 million deal is the latest in a string of acquisitions by the Canadian owner of Pinkberry and Papa Murphy’s, giving the company a major U.S. presence.


Papa Murphy’s owner MTY Food Group to buy Wetzel’s Pretzels for $207M

The Canadian brand collector continues its U.S. shopping spree with its second deal this year, following an earlier acquisition of Famous Dave’s.

The location in San Diego’s Navy Medical Center is the latest move by the brand to expand its concept to nontraditional venues.

Get Top 500 data: sales, units and YOY change, average unit volume, and company/franchise units, as well as Technomic’s analysis, growth forecast and more.

Jennifer Schuler plans to work to grow the quick-service chain.

Together, the specialty LSR category increased sales by 8.6%, to $6.9 billion, and units by 5.2%, to 11,070.

It was acquired by private-equity firm CenterOak Partners