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Article: Burger King Corp. Acquires Restaurants in Iowa and Nebraska.
- Article from:
- Food Weekly News
- Article date:
- August 4, 2008
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Burger King Corp. (NYSE:BKC) announced the acquisition of 72 BURGER KING(R) restaurants in Iowa and Nebraska from franchisee Simmonds Restaurant Management. This transaction is part of the company's ongoing portfolio management strategy.
"As a result of this deal, we have expanded our company restaurant presence to attractive Midwest markets, enabling us to leverage our existing infrastructure and established brand presence," said Chuck Fallon, president North America Burger King Corp. "We thank Simmonds Restaurant Management, and Mike Simmonds, for their more than 30 years of dedication and commitment to the BURGER KING(R) brand."
Michael Simmonds, ...