Allied Brands Ltd is on the lookout for more acquisitions, after swallowing the Cookie Man franchise system and digesting the Kenny’s Cardiology chain.
Allied Brands, which owns the Australian master franchise for American ice-cream brand Baskin Robbins, said on Sunday that despite a number of buys this year it was hungry for more acquisitions.The company is poised to continue to grow both organically and through further acquisitions,” managing director Peter Graham said.
Earlier this year, Allied Brands settled the $5.83 million purchase of the 46-store Cookie Man franchise and this month announced it would snap up card and gift retailer Kenny’s Cardiology in a deal worth $5.8 million.
Mr Graham said the Baskin Robbins and Cookie Man businesses were testing site and logistics sharing arrangements.
After completion of the Kenny’s buy, Allied Brands will have over 160 stores across the country.
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