Domino's Pizza Enterprises acquires Pizza Sprint
Domino’s announced that it has acquired French pizza chain Pizza Sprint for approximately €35 million.
Pizza Sprint is a chain of 89 pizza stores in the west of France, comprising 12 corporate stores and 77 franchise stores.
Andrew Rennie, Domino’s Pizza Enterprises CEO Europe, said, “The acquisition of Pizza Sprint will build a sizeable and complementary store presence for DPE in the west of France, provide insights on store formats which suit trading in regional towns and add 20% to our national marketing budget, delivering benefits across the enlarged store network.”
The owner of Pizza Sprint, Franck Guegan, said, “We are pleased that the Pizza Sprint business will be passed to such a pre-eminent pizza chain operator in DPE and are delighted that our franchisees will be able to access DPE’s global expertise in product, procurement and digital offerings which will benefit our customers.”
DPE Managing Director and CEO Don Meij said, “Pizza Sprint is a small but important acquisition which allows DPE to capitalise on the forward momentum we have been able to achieve in our European business, particularly in the last few years. We continuously look for opportunities to grow, both within our existing business and through further acquisitions.”
Domino’s said that it expects that the store count for DPE in France will increase to approximately 330 stores, with an additional 80 net stores arising from the acquisition.
