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Log In / Register | Nov 19, 2017

Montreal’s Dagwoods Sandwiches and Salads Bought by MTY Food

Montreal-based MTY Food Group Inc. announced yesterday that it has finalized the acquisition of another Montreal-based firm, Dagwoods Sandwiches and Salads for C$3 million (US$2.4 million). Dagwoods is a 28 year-old brand of 20 franchised sandwich shops and 2 company-owned kiosks. MTY is the holding company of dozens of franchising firms such as U.S.-based Kahala Brands’ Cold Stone Creamery, Pinkberry, Tasti D-lite, Blimpie and Baja Fresh and Canada’s own Mr. Souvlaki and Wasabi Grill and Noodle.

MTY looks to consolidate franchising and administration costs. Dagwoods Sandwiches and Salads’ office will be moved to MTY’s headquarters. Dagwood’s president, Spiro Krallis, will join MTY for a three-month period to smoothen the transition to the new ownership. However, MTY’s vice president Michael Lamontagne, who was an executive director of the sub-franchisor for Canada of Subway from 2009 to 2012, will now lead Dagwoods.

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