Minor International acquires Sizzler for $15.5m
The group will gain control of over 64 restaurants in Thailand and 10 in Japan.
Minor International Public Company Limited (MINT) has acquired the 100% stake in US restaurant chain Sizzler from Singco Trading which owns the intellectual properties worldwide, except for the US, Puerto Rico, and Guatemala for SG$21m ($15.5m)
With the completion of this acquisition, MINT will gain control over Sizzler's portfolio of successful franchises with existing 64 restaurants in Thailand and another 10 in Japan.
According to MINT the acquisition comes at an opportune time for MINT, as it continues to build on its track record of success and strengthen its position in the global marketplace. As a 31-year franchisee of Sizzler, MINT has established a fruitful partnership with the seller, Collins Foods Limited (Collins Foods) and played a pivotal role in Sizzler’s success, contributing to its growth and reputation in western casual dining in Asia.
“By gaining the ability to shape Sizzler’s development, we can replicate our proven past achievements and unlock the full potential of the brand. With MINT’s deep industry knowledge, operational expertise and international partnership, we will introduce Sizzler to new audiences in other fast-growing markets around the world, e.g. ASEAN and Middle Eastern countries, etc,” Dillip Rajakarier, Group CEO of MINT said.
MINT is one of Asia’s largest restaurant companies with over 2,500 outlets system-wide in 24 countries under The Pizza Company, The Coffee Club, Riverside, Benihana, Thai Express, Bonchon, Swensen’s, Sizzler, Dairy Queen, Burger King, Coffee Journey and GAGA brands.