Cara completes acquisition of Canadian restaurant chain Pickle Barrel

Pickle Barrel generates approximately $50 million a year in sales through its 12 restaurants. It also has a significant Catering business through Pickle Barrel catering as well as through a 50% interest in Rose Reisman Catering. Image: Pickle Barrel, Twitter

VAUGHAN, ON -- Cara Operations Limited ("Cara") announced on October 16, 2017 that it entered into a purchase agreement to acquire a 100% interest in the Pickle Barrel Group of Restaurants. Cara is pleased to announce the transaction successfully closed November 30, 2017.

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Peter Higley, President of Pickle Barrel, commented, "We're excited to be a part of Cara – Cara has a track record of bringing respected brands into its network and, through its scale and resources, supporting those business to improve and grow.  Our main focus will continue to be on strengthening our already successful restaurants and catering businesses."  Peter Higley will join Cara's Executive Leadership Team and will continue to lead and operate the Pickle Barrel Group within Cara.

Cara's Chief Executive Officer, Bill Gregson, commented, "We will begin combining our scale and expertise in pursuit of synergies while at the same time relying on Pickle Barrel's proven management team, headed by Peter Higley, to operate its restaurants and catering businesses.  Pickle Barrel is a great brand with broad appeal." 

SOURCE Cara Operations Limited