SmartCompany.com.au:
Leading franchisor and brand manager Retail Food Group has continued its mini spree of acquisitions, announcing it has reacquired Brumby Bakeries master franchises for Western Australian and the Northern Territory for an undisclosed price.
The acquisitions follow the purchase of the Brumby’s master franchises in North Queensland and New Zealand, and now means RFG controls all master franchises in Australia and New Zealand, with the exception of the small South Australian master franchise.
Just prior to Christmas RFG also announced it had completed the acquisition of the 23 store DCM Coffee and Donuts chain (a direct competitor to RFG’s existing Donut King franchise) and started due diligence to buy the 37-strong Big Dad’s Pies chain.
The latest deal to buy the 50 store WA Brumby’s master franchise and the eight store Northern Territory master franchise will be funded through a mixture of cash and shares.