Dunkin’ Manufacturers focus on potential sale to Encourage Manufacturers

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© Reuters. FILE PHOTO: A field of donuts is pictured at a newly opened Dunkin’ Donuts retailer in Santa Monica

By Aishwarya Nair

(Reuters) – Dunkin’ Donuts and Baskin Robbins chains proprietor Dunkin’ Manufacturers Group Inc (O:) has held preliminary discussions to be acquired by Encourage Manufacturers, a non-public equity-backed restaurant firm, Dunkin’ stated in an announcement on Sunday.

“There isn’t any certainty that any settlement will likely be reached,” stated Karen Raskopf, Chief Communications Officer of Dunkin’ Manufacturers.

Dunkin’ declined to disclose additional particulars.

The deal being mentioned would take Dunkin’ Manufacturers non-public at a worth of $106.50 a share, stated the New York Occasions which first reported the event.

Encourage Manufacturers, the proprietor of Arby’s and Jimmy John’s, declined to remark when contacted by Reuters.

The announcement could possibly be made public as quickly as Monday, the New York Occasions stated.

Encourage’s portfolio consists of greater than 11,000 Arby’s, Buffalo Wild Wings, SONIC Drive-In, Rusty Taco, and Jimmy John’s places worldwide, in line with the corporate’s web site.

Encourage Manufacturers was fashioned in 2018 by non-public fairness agency Roark Capital as a holding firm after Arby’s accomplished the acquisition of Buffalo Wild Wings.

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