Dunkin’ Manufacturers, proprietor of the espresso and donuts empire, is being purchased by Encourage for a staggering $11.3 billion, each firms introduced late Friday evening.
Encourage, proprietor of Arby’s and Buffalo Wild Wings, seems to be consuming up the competitors after additionally taking up SONIC Drive-In and Jimmy John’s eating places.
Dunkin’ Manufacturers, which is headquartered in Canton and was based in Quincy in 1950, additionally owns the Baskin-Robbins ice cream chain, together with espresso retailers on nearly ever main nook in Boston.
“Dunkin’ and Baskin-Robbins are class leaders with greater than 70 years of wealthy heritage, and collectively they’re two of probably the most iconic restaurant manufacturers on the planet,” mentioned Paul Brown, co-founder and chief government officer of Encourage Manufacturers. “By becoming a member of Encourage, these manufacturers will add complementary visitor experiences and events to our present portfolio.”
Espresso, donuts, roast beef sandwiches, shakes, ice cream and extra, mainly.
Encourage will purchase Dunkin’ Manufacturers for $106.50 per share in money in a transaction valued at about $11.3 billion together with the idea of Dunkin’ Manufacturers’ debt, the 2 sides mentioned in a joint assertion.
“Right this moment’s announcement is a testomony to our world-class group of franchisees, licensees, workers, and suppliers who’ve labored collectively to remodel Dunkin’ and Baskin-Robbins into fashionable, related manufacturers,” mentioned Dave Hoffmann, chief government officer of Dunkin’ Manufacturers.
He added: “This group’s grit and dedication has enabled us to ship outsized efficiency and made our manufacturers among the many most elite within the fast service trade. I’m notably happy with our actions since March of this yr. Through the international pandemic, we have now stood tall. We’ve had one another’s backs and are actually stronger than ever.”
The transaction is anticipated to shut by the tip of 2020.
Dunkin’ Manufacturers inventory has been climbing since phrase broke final week concerning the impending deal.
No phrase but if Arby’s will arrange store in Dunkin’ Donuts retailers so prospects can order a espresso, donut and roast beef particular to go.