Fantuan Acquires Chowbus' Delivery Business
January 24, 2024
Vancouver-based Fantuan has acquired the delivery business line of Chicago-based Chowbus; financial terms were not disclosed. About 20 Chowbus employees will join Fantuan as the companies form a partnership to combine Fantuan's delivery network with Chowbus' restaurant management software, boosting Fantuan's U.S. penetration and pushing its U.S. market share to over 60%.
- Buyers
- Fantuan
- Targets
- Chowbus (delivery business)
- Sellers
- Chowbus
- Industry
- Restaurants & Hospitality
- Location
- Illinois, United States
- Transaction Type
- Divestiture
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