Tortilla Mexican Grill buys rival Chilango

Tortilla Mexican Grill (LON: MEX) is acquiring rival fast-casual Mexican restaurants operator Chilango. In the medium-term this could be a highly earnings enhancing deal.

Investment firm RDCP currently owns Chilango. Tortilla Mexican Grill will pay up to £2.75m for the restaurant chain. In 2021, Chilango generated revenues of £7.3m and made a small loss.

Chilango has eight sites in the London and Manchester. Just like Tortilla Mexican Grill they offer eat-in, takeaway and delivery. The tw...

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