Cara Operations acquires Pickle Barrel
On October 16, 2017, Cara Operations Limited ("Cara") announced that it entered into an agreement to acquire the Pickle Barrel Group of Restaurants. The transaction successfully closed on November 30, 2017. It was funded through Cara's existing credit facility. The acquisition of Pickle Barrel adds another established Canadian brand to Cara's portfolio of restaurants.
Pickle Barrel, founded in 1971, has 12 corporately-owned restaurants in highly sought after locations along with a thriving catering business, all across the Greater Toronto Area.
Cara is Canada's oldest and largest full-service restaurant company, operating some of the most recognized brands in the country including Swiss Chalet, Harvey's, St-Hubert, Milestones, Montana's, Kelsey's, East Side Mario's, New York Fries, Burger's Priest, Prime Pubs, Original Joe's, State & Main, Elephant & Castle, Bier Markt and Landing restaurants.
Further information can be found on Canada Newswire's website.