Darden Restaurants Acquires Cheddar's Scratch Kitchen For $780 Million
SEAFOODNEWS.COM [Seafood News] - March 28, 2017
ORLANDO, Fla. -- Darden Restaurants Inc. is expanding its portfolio of differentiated brands.
The company on Monday announced it agreed to acquire Cheddar's Scratch Kitchen for $780 million in an all-cash transaction from its stockholders including private equity firms L Catterton and Oak Investment Partners. Cheddar's will add to Darden's portfolio, which currently includes Olive Garden, LongHorn Steakhouse, Yard House, The Capital Grille, Seasons 52, Bahama Breeze and Eddie V's.
Cheddar's was founded in 1979 in Arlington, Texas, and features high-quality, made-from-scratch food at compelling prices in a polished yet warm atmosphere, according to a press release. Today, Cheddar's has 165 locations ...Full Story »