FlashNews: MAFSI Reports 3.1 Percent Bump; Tim Hortons and Hot Dog on a Stick Sold, and More

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FlashNews from Foodservice Equipment & Supplies

August 27, 2014

Burger King Buys Tim Hortons FE&S FlashNews

In a deal valued at more than $11 billion, Burger King has acquired Tim Hortons. The deal will create a company with approximately $23 billion in system-wide sales and more than 18,000 locations. Following the closing of the transaction, which is subject to regulatory approvals, Burger King and Tim Hortons will continue to operate as independent brands.

Fast-Casual Juggernaut Might Be Stuttering, Problems Face Single-Item Restaurants and More FE&S FlashNews

New data from Technomic suggests fast-casual restaurants may face some challenges, July housing stats are mostly positive, some observers have a negative view of one-item restaurants, and a whole lot more.

Luigi Bormioli Updates Sales Team FE&S FlashNews

Fabrizio Biscardi was named vice president of foodservice for Luigi Bormioli, a manufacturer of high-tech glassware.

Hot Dog on a Stick Sold FE&S FlashNews

Los Angeles-based private equity firm Levine Leichtman Capital Partners has purchased the operating assets of Hot Dog on a Stick Enterprises, a restaurant chain with 92 locations in the U.S. and abroad.

Biller Becomes Cardinal’s Director of Key Accounts FE&S FlashNews

Cardinal International named Frank Biller director of key accounts. In his new role, Biller will manage some of the division’s customers and accounts, while assisting in strategic planning and business development opportunities.

Buffalo Wild Wings Invests in Rusty Tacos FE&S FlashNews

Casual dining chain Buffalo Wild Wings made a majority investment in Rusty Taco, Inc., which owns and operates Rusty Taco restaurants and is headquartered in Dallas, Texas. Terms of the deal were not disclosed.

Logan’s Roadhouse CEO Andres to Lead McDonald’s USA FE&S FlashNews

Jeff Straton will retire from his position as president of McDonald’s USA. As a result, Mike Andres has resigned his post as chairman and chief executive officer of Logan’s Roadhouse to replace Straton as president of McDonald’s USA. Andres will join McDonald’s effective Oct. 15, 2014, and his responsibilities will also include Canada.

Foodservice Equipment and Supplies Sales Increase 3.1 Percent in the Second Quarter FE&S FlashNews

Sales of foodservice equipment and supplies increased 3.3 percent in the second quarter of 2014, according to the latest data from the Manufacturers’ Agents Association for the Foodservice Industry (MAFSI). This represents a .2 percent decline from the first quarter, according to the MAFSI Business Barometer. Despite this slight decline, MAFSI reps forecast a 5.7 percent gain for the third quarter of 2014. Reps report increases in quoting, up 56 percent and consulting, up 47 percent.

Carrier Joins Atlanta Fixture FE&S FlashNews

Foodservice equipment and supplies dealership Atlanta Fixture and Sales Co. added Craig Carrier to its sales force. In his new role, Carrier will look to grow the company’s sales in the Carolinas, Eastern Tennessee and North Georgia Markets.

Designing for Multiple Generations FE&S FlashNews

Foodservice designers have it tough these days. Not only have they had to cater to the largest group of restaurant diners ever, Baby Boomers, they now need to design for the next, even larger generations of customers: Millennials and the up-and-coming group of diners, Gen Zers (21 years old and younger).

Eagle Group: Panco Cook & Hold

Ice-O-Matic: Produce More Ice for the Price

Globe: 0% Financing for 30 months

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