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
Location
Illinois, United States
Transaction Type
Divestiture

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