November 29, 2011
Einstein Noah Restaurant Group Inc., operating under the Einstein Bros. Bagels, Noah's New York Bagels and Manhattan Bagel brands, has announced the acquisition of Kettleman Bagel Company, a five-store bagel chain in Portland, Ore.
The acquisition is part of the Einstein Noah's strategic growth plan aimed at strengthening its competitive position within the Pacific Northwest market. The company expects to rebrand all five locations into one of its other brands in the future.
"This acquisition fits well within our aggressive growth strategy as we believe there is tremendous opportunity for Einstein Noah in this market," said Jeff O'Neill, president and CEO of Einstein Noah."We congratulate Jeffrey Wang on creating a thriving business and look forward to welcoming Kettleman Bagels into the Einstein Noah family as we pursue our goal of accelerating unit growth through a combination of corporate, franchise and licensed expansion."
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