Pizza Schmizza brought out by Figaro's
Posted on: 09/04/2008
Pizza Schmizza began contemplating a new owner a few months ago as CEO and main shareholder, Doug Wetter, was ill and this prevented him from completing day-to-day operations for the company. Vice president Rick Glenn contacted Figaro's Pizza and after dicussions he felt that confident that the business values were very similar and was pleased to complete with the sale.
Figaro's Italian Pizza announced that is has completed the acquisition of the 31-unit Pizza Schmizza, the Hillsboro, Oregon-based chain which specialised by-the-slice thin crust pizza. Figaro's, is a national chain with over 100 locations, has been recognised as "the best pizza you can have at home" and chairman and CEO Ron Berger is looking to further expand his company as well as the newly-obtained Pizza Schmizza.
"We believe in great brands and are confident that, along with their fabulous products, inventive store designs and terrific customer service, Figaro's Pizza and Pizza Schmizza will be two of the top-performing restaurants in the industry," Berger said.
"I've always admired Ron's way of doing business and thought it would not only complement but expand upon Pizza Schmizza's philosophy," said Glenn. "Since acquiring Sargo's Subs last year, Ron had been building an impressive portfolio of restaurants. By consolidating our efforts, we will be gaining product and marketing efficiencies that will be invaluable to our future growth."
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