Retail Food Group buys Crust Gourmet Pizza Bars

The retail food brand manager and franchisor has entered into a conditional Sale & Purchase Agreement to acquire Crust's business and intellectual property assets.

First established in Sydney in late 2001, Crust Gourmet Pizza Bars has grown to incorporate 119 outlets. Based predominantly in NSW and Victoria, the Crust system has expanded both nationally and overseas with outlets now having been established in New Zealand, Singapore, and United States of America.

RFG CEO Tony Alford said, “Not only will the transaction consolidate another impressive retail food system under the Company’s umbrella, it delivers on a number of strategic initiatives most important of which being (a) the immediate scale provided by ownership of both the Crust and Pizza Capers brand systems; (b) the further investment within the QSR category; and (c) reduced reliance on shopping centres for outlet growth.”

The latest transaction follows RFG’s acquisition of the 118 outlet Pizza Capers Gourmet Kitchen brand system in April 2012.

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