MTY Food to acquire Wetzel’s Pretzels from CenterOak Partners for $207m.

MTY Food, a franchisor and operator of numerous casual dining, fast casual, and quick service restaurants, agreed to acquire Wetzel’s Pretzels, a franchisor and owner of quick service restaurants, from CenterOak Partners, a private equity firm, for $207m. "This transaction represents another key acquisition for MTY as it adds another iconic brand to MTY's US portfolio. The transaction enhances MTY's footprint in the snack category, with Wetzel's Pretzels' strong network of franchise partners, well-run corporate-owned locations, and a best-in-class management team. Its products are extremely craveable and are recognized everywhere in the US by a broad range of customers. We look forward to exploring all the opportunities this transaction brings to both companies," Eric Lefebvre, MTY CEO.