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Benzinga
Benzinga
Business
Shivani Kumaresan

Del Taco Inks New Multi-Unit Deal In The Southeast Region

Del Taco @jack Development Nasdaq Alabama Jack in Box (Organization)
  • Jack In the Box (NASDAQ:JACK) owned restaurant chain Del Taco has signed a multi-unit partnership deal with franchisee Sam Abusaleem.
  • Under the deal, Del Taco will add six new locations in the state of Alabama.
  • "Sam and his team have an exceptional experience when it comes to operating multi-unit concepts, paired with a passion to see the Del Taco brand succeed in a market that has been untapped, until now," said Jeff Little, SVP of Development.
  • Del Taco offers both Mexican and American favorites such as burritos and fries.
  • Del Taco was acquired by Jack In the Box for $585 million.
  • Price Action: JACK shares are trading lower by 7.21% at $73.28 on the last check Wednesday.
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