Dallas / TX. (cop) CenterOak Partners LLC, a Dallas-based private equity firm, announced the completion of the sale of Wetzel’s Pretzels to MTY Franchising USA Inc., a wholly owned subsidiary of MTY Food Group Inc. for a cash purchase price of USD 207 million. Headquartered in Pasadena, California, Wetzel’s is the second largest U.S. franchisor and owner of quick service restaurants operating in the soft pretzel category. CenterOak acquired Wetzel’s in 2016. «We are pleased to see the successful culmination of our investment in Wetzel’s,» said Randall Fojtasek, CEO and Co-Managing Partner of CenterOak. «During the investment period, we accelerated the Company’s growth by adding new real estate formats, product offerings and services to attract additional consumers to the concept. We look forward to the continued success of the Wetzel’s brand under new ownership.»
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