Burger King Corp.'s Canadian Subsidiaries Sell 20 Restaurants to Heartland Food Corp. of Canada
Miami--(BUSINESS WIRE)-- Burger King Corp. (NYSE:BKC) announced today that its Canadian subsidiaries have sold 20 restaurants in Ontario to Heartland Food Corp. of Canada as part of the company's ongoing strategic portfolio management. Additionally, Heartland Food Corp. simultaneously closed on the acquisition of 14 previously franchised BURGER KING® restaurants in Ontario.
"We are delighted to have Heartland Food Corp. as a franchise owner and operator in Canada," said Chuck Fallon, president, North America, Burger King Corp. "As our third largest North American franchisee for the BURGER KING® brand, Heartland Food Corp. will continue to penetrate the Canada market by developing new restaurants in the upcoming years."
Heartland Food Corp. currently owns 257 BURGER KING® restaurants, the 34 purchased in Canada and 223 throughout the U.S. in Illinois, Indiana, Michigan and Wisconsin. In 2005, the company was awarded the prestigious BURGER KING® Brand Leadership Award. This award is given to the top 16 franchisees that have consistently distinguished themselves from the more than 1,200 other franchisees worldwide by providing high-quality customer service, attaining operational excellence and demonstrating an unwavering commitment to the BK® brand.
"We are very excited about expanding our presence internationally and our decision to help grow the BURGER KING® brand in Ontario," said President and CEO Steve Wiborg of Heartland Food Corp. "We look forward to providing the growth and development opportunities to our management and employees at our recently acquired restaurants. Watching people grow into leaders is what makes our business special, and keeps the Heartland Food Corp. team strong."
About Heartland Food Corp.
Heartland Food Corp. is one of the largest franchisees of the BURGER KING® brand. Founded in 2003, Heartland Food Corp. owns and operates more than 250 BURGER KING® restaurants in the U.S. and Canada. In 2006, Heartland Food Corp was named by Nation's Restaurant News magazine as the "2006 Franchisee Star Award." In 2005, Burger King Corp. recognized the company with the BURGER KING® Brand Leadership Award for its operations excellence.
About Burger King Corporation
BURGER KING® system operates more than 11,800 restaurants in all 50 states and in 74 countries and U.S. territories worldwide. Approximately 90 percent of BURGER KING® restaurants are owned and operated by independent franchisees, many of them family-owned operations that have been in business for decades. In 2008, Fortune magazine ranked Burger King Corp. among America's 1,000 largest corporations and Ad Week named it one of the top three industry-changing advertisers within the last three decades.
Source: Burger King Corporation