Food Management Partners said Monday it had purchased the 25-unit Furr’s Fresh Buffet chain and its Dynamic Foods foodservice distribution company in a bankruptcy court transaction.
FMP did not disclose terms of the deal. In January, the privately-held multi-concept operator, which also franchises the Buffalo Wild Wings brand and Zio’s Italian Kitchen, acquired the 35-unit Don Pablo’s Tex-Mex casual-dining chain from Madison, Ga.-based Rita Restaurant Group.
The parent company to Furr’s and Dynamic Foods, Plano, Texas-based Buffet Partners LLC, filed for Chapter 11 bankruptcy protection in January. At least one Furr’s unit, located in Clovis, N.M., was reported closed in the first week of June.
Food Management Partners said the Furr’s deal included the Fresh Buffet and Family Dining brands, which operate in five states, and the Dynamic Foods production and distribution facility in Lubbock, Texas.
“We are proud to add another heritage brand to our portfolio,” said Peter Donbavand, FMP’s vice president of business development, in a statement. “And with the inclusion of Dynamic Foods, we anticipate providing continued high-quality dining options to the existing client base and vertically integrating them into our existing stable of restaurants where possible.”
The company said management functions for Furr’s will be absorbed into FMP’s San Antonio headquarters and on-site management of Dynamic Foods will continue in Lubbock. Dynamic Foods prepares and distributes multiple lines of fresh and frozen products for contract foodservice and groceries, as well as restaurants and retail establishments.
The Lubbock facility employs about 200 people and covers more than 220,000 square feet, including 130,000 square feet for food processing and 50,000 of frozen storage. Dynamic Foods also operated a trucking fleet out of the facility.
“Acquiring these assets not only allows us to expand our operational holdings,” Donbavand said, “but also allows us to impact our current restaurant-level efficiencies as well as expand into other sales and growth channels.”
In addition to Don Pablo’s, FMP franchises 35 Buffalo Wild Wings units in three states and owns and operates 21 Zio’s Italian Kitchen restaurants in six states. Its latest acquisition brings the number of units owned to 115.
Previously, FMP, founded in 1999, operated a Little Caesar’s franchised location, which it has divested, and was a founding franchisee of Smashburger. It has since sold its Smashburger units back to the company.
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