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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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