Sandwich Manufacturer flowerpot It was acquired by gas station and convenience story chain Racing $566 million.
flowerpotFounded in Chicago in 1977, the company has 445 restaurants across the United States, the company said it has Racing Will help it reach its goal of four times the size to 2,000 positions. flowerpot The shops are companies and franchises.
“and Racing Resources, we will unlock new opportunities for this incredible brand while staying true to the experience of neighborhood sandwich shops flowerpot Special,” flowerpot CEO Bob Wright said in a statement Wednesday.
flowerpot The stock price jumped 32% to $17.03.
Racing Founded in 1934, it belongs to the family. Atlanta Company has more than 800 locations in 14 states. Racing Chairman and CEO Natalie Morhous said the company is eager to expand its stable brand.
Racing Say it will get all potbelly $17.12 per share in all-cash transactions.
The acquisition is expected to end in the fourth quarter.
