Delaware North to acquire majority stake in Patina Restaurant Group

Delaware North to acquire majority stake in Patina Restaurant Group

Deal will reduce the ownership of current majority owner Shidax Corp.

Onsite hospitality and foodservice management company Delaware North Cos. has agreed to acquire a majority stake in the bi-coastal Patina Restaurant Group, the company said Friday.

Terms were not disclosed, but the deal will reduce the ownership of current majority owner Shidax Corp., one of Japan’s largest foodservice companies. Once the deal closes, which is expected by the end of the first quarter, Shidax will continue to hold a minority stake in Patina Restaurant Group.

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