VAUGHAN, ON, Oct. 16, 2017 /CNW/ – Cara Operations Limited (TSX: CARA) (“Cara”) is pleased to announce that on October 13, 2017 it entered into a purchase agreement to acquire a 100% interest in the Pickle Barrel Group of Restaurants. The transaction is anticipated to close by the end of the year.
Pickle Barrel was founded in 1971 and today it has 12 corporately-owned restaurants in highly sought after locations along with a thriving catering business, all across the Greater Toronto Area. Pickle Barrel generates approximately $50 million a year in sales through its 11 Pickle Barrel restaurants and 1 Glow Fresh Grill & Wine Bar.
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