SEATTLE Fast-casual retailer Organic To Go Corp. this week completed the acquisition of the two-unit Scott’s Gourmet Sandwiches operation in San Diego.
Terms were not disclosed, but the purchase brings the expanding Organic To Go chain into the San Diego market for the first time. Last week, the Seattle-based company opened two retail cafes in the Los Angeles area, where there are a total of 10 cafes, including three in Orange County. Five cafes are located in Seattle, and the company also operates about 50 grab-and-go kiosks throughout Washington and California, as well as catering services in each region. Scott’s also offers catering.
Darin Loesch, Scott’s founder, will join Organic To Go as senior director of San Diego operations. All of Scott’s employees will be offered positions with Organic To Go, the company announced.
Founded in 2004 and reporting sales of nearly $10 million last year, Organic To Go describes itself as the nation’s first fast-casual chain to be certified as an organic retailer by the U.S. Department of Agriculture.
In June, the company raised $6.7 million in a private placement of 3.35 million shares of common stock traded on the Over the Counter Bulletin Board at $2 per share, in addition to five-year warrants to purchase 1.34 million shares at an exercise price of $2.50 per share.
