Foodtastic Expands Its Portfolio with Acquisition of Kinton Ramen
Foodtastic, a prominent Canadian restaurant franchisor, has announced its acquisition of Kinton Ramen, a well-known Japanese ramen brand that originated in Toronto. Founded in 2012, Kinton Ramen has established itself as a favorite among ramen enthusiasts, with locations spanning across Canada and into the United States. This strategic acquisition adds a significant Asian dining concept to Foodtastic’s growing portfolio, which now includes 30 diverse restaurant brands.
Peter Mammas, the founder and CEO of Foodtastic, expressed enthusiasm about the acquisition, stating, "We have been looking to add a strong Asian concept to our portfolio for some time, and Kinton Ramen is exactly the kind of brand we wanted to bring into Foodtastic." He highlighted Kinton's strong culinary identity and loyal following in the Canadian market, noting that the brand has substantial potential for growth.
Kinton Ramen is celebrated for its authentic Japanese ramen, offering a menu designed for dine-in, takeout, and delivery. Currently, the brand operates 58 locations across five Canadian provinces and one U.S. state, including Ontario, British Columbia, Quebec, Alberta, Manitoba, and New York. Following the acquisition, Foodtastic plans to focus on expanding Kinton Ramen's presence in Canada while maintaining the brand's existing menu, loyalty program, and guest experience.
James Kim, the founder of Kinton Ramen, commented on the acquisition, emphasizing the importance of preserving the brand's essence. "Kinton Ramen has always been about delivering a memorable and authentic ramen experience to guests, one bowl at a time," he said. Kim expressed confidence in Foodtastic's understanding of the brand's strengths and their commitment to maintaining the quality and identity that customers and franchisees value.
With this acquisition, Foodtastic continues to strengthen its portfolio of established restaurant brands, which includes a variety of dining categories such as quick-service, fast-casual, and specialty dining. The company is focused on innovation and operational excellence, aiming to enhance its influence in the global food service industry.
