Kinepolis acquired Michigan-based MJR Digital Cinemas for $152m.

Kinepolis, a Belgian cinema chain, acquired Michigan-based MJR Digital Cinemas, a movie theater chain, for $152m. The transaction sees Kinepolis crossing the Canadian border to enter the US market. Eddy Duquenne, CEO Kinepolis Group: “I’m very proud we have the opportunity to expand our investment in Canada to the US. The successful acquisition of Landmark Cinemas Canada shows we can successfully implement our corporate strategy in another continent and another time zone. The acquisition of MJR fits perfectly into our expansion strategy: geographically, it adjoins Canada; the movie theaters are all multi- or megaplexes, and we also acquire an important real estate position. I'm particularly enthusiastic about the eagerness of the current MJR team to implement Kinepolis’ management vision and customer concepts at the MJR cinemas.”