Foodtastic Purchases La Chambre Micro Brasserie and Sports Bar.

MONTREAL, June 25, 2020 /CNW Telbec/ - Foodtastic Inc.(www.foodtastic.ca ) is pleased to announce that it has acquired La Chambre (www.restolachambre.com). La Chambre has been a success right from the beginning, serving great tasting food in an original and lively sports atmosphere. La Chambre currently has 2 locations with a 3^rd opening soon in Blainville. La Chambre features 4 proprietary micro brewed beers, which are also now available at over 125 retail locations.

Peter Mammas, President and Chief Executive Officer of Foodtastic, said, "La Chambre is a great local Quebec brand and we are excited to welcome it into the Foodtastic family. We look forward to preserving La Chambre's strong brand, while growing the restaurant system across the province. La Chambre is the perfect conversion concept for many restaurants, and we are already looking at several opportunities in the greater Montreal area. This acquisition of a homegrown Quebec business is consistent with our strategy of acquiring quality brands with growth potential that complement our existing brand portfolio. We believe the La Chambre acquisition will leverage our marketing, purchasing and operational systems to better serve La Chambre fanatics and welcome many new ones."

An important part of the transaction was the retention of Eric Champoux, the creator of La Chambre, who will retain an important equity stake in the concept. "Foodtastic is an amazing company and I'm thrilled to continue being a part of La Chambre's exciting future! With the financial support from Foodtastic we can now expand our operations throughout Quebec." said Eric Champoux. 

Foodtastic is the franchisor of multiple restaurant concepts including, Au Coq, La Belle et La Boeuf, Monza, Carlos & Pepe's, Souvlaki Bar, Nickels, Rôtisseries Benny and Bacaro. Foodtastic is a leader in the restaurant franchising business with over 95 restaurants and $180 million in annualized sales.

SOURCE Foodtastic