Deal also includes Dynamic Foods.
San Antonio-based Food Management Partners has reached an agreement to acquire Furr's Fresh Buffet. Included in the transaction are 25 Furr's Fresh Buffet and Furr's Family Dining restaurants operating in 5 states. Terms of the agreement were not disclosed.
Also included in the deal is Dynamic Foods, which prepares and distributes multiple lines of fresh and frozen products for contract foodservice and grocery stores, as well as restaurants and retail establishments. Dynamic Foods production and distribution facility based in Lubbock, Texas, is also part of the acquisition.
Over time, FMP will absorb the management functions of Furr's into the San Antonio corporate office, with on-site management of Dynamic Foods continuing in Lubbock.
Privately held Food Management Partners is a multi-concept operator of both franchised and independent brands.