Kahala brand logos

Some of Kahala's brands include, clockwise from top left: Pinkberry, Planet Smoothie, Blimpie and Cold Stone Creamery.

Canadian company to acquire Kahala for $300M

Deal gives MTY Food Group Inc. long-awaited foothold in the U.S.

Montreal-based restaurant operator MTY Food Group Inc. on Wednesday announced a deal to buy U.S. brand operator Kahala Corp. in a cash-and-stock deal valued at $300 million.

The deal combines a pair of companies known for their massive collection of brands — MTY will operate 57 brands in the U.S. and Canada once the deal is complete.

“This is one of the most important days in the history of MTY, being able to acquire a great portfolio of brands managed by one o

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