Organic To Go, the nation’s first fast casual café chain to be certified as an organic retailer, today announced it has expanded its west coast chain with the acquisition of the 4 additional cafés and a catering business operating under the name of High Noon from Balducci’s Food Lover’s Market.
This business, generating approximately $6 million in annual combined revenues, has 3 locations in the District of Columbia business district and 1 in Arlington, Virginia. This acquisition provides Organic To Go with its first center of operations on the east coast. Terms of the purchase, which include cash and common stock, were not disclosed.
Jason R. Brown, founder and CEO of Organic To Go, said, ‘The High Noon acquisition immediately gives us 4 prime retail locations, a strong catering operation and a proven management team in Washington, DC. This will serve as a tremendous launching pad for the Organic To Go brand on the east coast. As we have proven through prior successful geographic expansions, we enter a new market through an acquisition or multiple acquisitions to gain a strong foothold, and then grow organically within the market. We expect that the addition of High Noon will provide profitable growth for the company in both the short- and long-term.’
This most recent acquisition has been a part of the Organic To Go plan for aggressive expansion that takes advantage of its scalability of operations in a region.
No comments yet.