Monza is a full service Italian restaurant concept. Credit: CNW Group/Foodtastic.

Canadian restaurant franchisor Foodtastic has completed the acquisition of full service Italian cuisine concept Enoteca Monza Pizzeria.

The restaurant chain offers a range of menu choices including starters, salads, pasta, mains, wood-fired pizza, fire-grilled panini, and a children’s menu, along with desserts and wine.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Foodtastic president and chief executive officer Peter Mammas said: “We are excited to add Monza to our portfolio of leading restaurants. This acquisition of a home-grown Quebec business is consistent with our strategy of acquiring brands with growth potential that complement our existing brand portfolio.

“We expect to grow the Monza brand immediately with four new locations in the Montreal area expected in 2019, and locations in Quebec City and the Outaouais region slated for 2020.

“We are thankful for what became a loyal clientele following, and we trust Foodtastic will apply their industry knowledge and expertise to this great brand.”

“We believe the Monza acquisition will leverage our marketing, purchasing and operational systems to better serve our existing franchisees.”

The transaction was financed through a $47m investment secured from Restaurant Royalty Partners, a joint venture between funds managed by Oaktree Capital Management and JHR Capital.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Foodtastic currently operates La Belle et La Boeuf, Carlos & Pepe’s, Souvlaki Bar, Nickels, and Bacaro restaurant concepts. It operates more than 48 restaurants with $110m sales annually.

The company has 18 new restaurant openings planned for next year.

Foursome Restaurant Group co-founder Michael Gutfeld said: “We’re extremely proud of the brand we built and the void we filled in the upscale casual Italian food market.

“We are thankful for what became a loyal clientele following, and we trust Foodtastic will apply their industry knowledge and expertise to this great brand, and take it to the next level of growth and expansion.”