San Diego — Jack in the Box Inc. has completed its previously announced acquisition of Del Taco Restaurants, Inc. for approximately $585 million. With the close of the acquisition, Jack in the Box and Del Taco are now positioned as stronger QSR players with greater scale and the ability to enhance the guest experience while pursuing profitable growth.
“Today marks an important milestone in our company’s history as we officially welcome Del Taco to the Jack in the Box family,” says Darin Harris, CEO of Jack in the Box. “We have ambitious growth plans for our combined company, and we are excited for the many exciting opportunities ahead. Together, Jack in the Box and Del Taco will benefit from a stronger financial model, gaining greater scale to invest in digital and technology capabilities, and unit growth for both brands.”
According to John D. Cappasola, Jr., president and CEO of Del Taco: “We’re extremely proud to join forces with the Jack in the Box brand and are excited to have found a partner that shares a similar culture and passion for what we do. We expect this transaction will significantly strengthen and grow our beloved brands.”
Del Taco’s common stock ceased trading as of March 8, 2022 on the NASDAQ and was delisted.
Jack in the Box Inc., based in San Diego, is a restaurant company that operates and franchises Jack in the Box® restaurants, one of the nation’s largest hamburger chains, with more than 2,200 restaurants in 21 states and Guam. For more information, visit www.JackintheBoxFranchising.com.
Founded in 1964, Del Taco has approximately 600 restaurants across 16 states. For more information, visit www.deltaco.com.
SOURCE: Jack in the Box Inc.