MTY Franchising USA Acquires Wetzel's Pretzels From CenterOak Partners
December 8, 2022
CenterOak Partners LLC completed the sale of Wetzel's Pretzels to MTY Franchising USA, Inc., a wholly owned subsidiary of MTY Food Group Inc. for $207 million in cash. The deal followed a definitive agreement announcement and was subject to customary closing conditions.
- Buyers
- MTY Franchising USA, Inc., MTY Food Group Inc.
- Targets
- Wetzel's Pretzels
- Sellers
- CenterOak Partners LLC
- Industry
- Restaurants & Hospitality
- Location
- California, United States
- Transaction Type
- Buyout
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