Buffalo Wild Wings : Buffalo Wild Wings, Inc. Announces Plans to Acquire 15 Franchised Restaurants in Ohio and South Carolina
11/16/2011| 04:05pm US/Eastern
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Buffalo Wild Wings, Inc. (Nasdaq: BWLD) today announced its intent to
acquire 15 franchised units located in Ohio and South Carolina from a
franchisee group.
The Company expects the acquisition, if completed, to close before the
end of this year. These restaurants are currently operated by
franchisees David Fisher, Eric Lundgren, John Slaughenhaupt, and Brad
Haber. Buffalo Wild Wings, Inc. anticipates funding the purchase price
with available cash.
Sally Smith, President and Chief Executive Officer, commented, "David,
Eric, John, and Brad have done a wonderful job growing the Buffalo Wild
Wings® brand in the Dayton area, as well as introducing Buffalo Wild
Wings in Columbia, South Carolina. The strong performance of this group
of restaurants presented a very attractive acquisition opportunity for
us and we look forward to welcoming them into our company-owned
operations."
David Fisher added, "We are deeply appreciative to have had the
opportunity to develop the Buffalo Wild Wings brand and to have been a
part of such a strong organization. It is bittersweet to leave the
system as we pursue new challenges, but we leave with very positive
relationships with the company and are pleased that our restaurant team
members will now be part of a national organization with its resources
and career opportunities."
About the Company
Buffalo
Wild Wings, Inc., founded in 1982 and headquartered in Minneapolis,
Minnesota, is a growing owner, operator and franchisor of Buffalo Wild
Wings Grill & Bar® restaurants featuring a variety of
boldly-flavored, made-to-order menu items including its namesake
Buffalo, New York-style chicken wings. The Buffalo Wild Wings' menu
specializes in 18 mouth-watering signature sauces and seasonings with
flavor sensations ranging from Sweet BBQ? to Blazin'®.
Guests enjoy a welcoming neighborhood atmosphere that includes an
extensive multi-media system for watching their favorite sporting
events. Buffalo Wild Wings is the recipient of hundreds of "Best Wings"
and "Best Sports Bar" awards from across the country. There are
currently more than 800 Buffalo
Wild Wings locations across 46 states in the United States, as well
as in Canada.
ICR
Kristina Jorge, 646-277-1234
kjorge@icrinc.com
© Business Wire 2011
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