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Fast Casual Concepts, Inc. completes acquisition of CK Distribution to venture into nonalcoholic mixers market

Nov 25, 2024•about 1 year ago

Acquiring Company

Fast Casual Concepts

Acquired Company

CK Distribution

Grove CityClearwaterHospitalityFood and BeverageRetailManufacturing

Description

Fast Casual Concepts, Inc. has announced the acquisition of CK Distribution, a wholesale and retail distributor of nonalcoholic mixers based in Florida. This acquisition marks a strategic shift in business direction for Fast Casual Concepts, Inc., aiming for rapid growth and expansion in the lucrative nonalcoholic mixers market.

Company Information

Company

Fast Casual Concepts

Location

Grove City, Pennsylvania, United States

About

Fast Casual Concepts, Inc. (OTC: FCCI) is a company that specializes in the acquisition, development, and management of casual dining restaurants. The company is focused on expanding its market presence and achieving rapid growth by strategic acquisitions in the lucrative market.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed