Stir Crazy Restaurants, a portfolio players of The Walnut Group, has merged with accessory Asian rations restaurant confine FlatTop Grill, owned about Happy Valley Corp. No economic terms were disclosed.
PRESS RELEASE
Chicago Based Stir Crazy Restaurants, LLC and FlatTop Grill, owned about the Happy Valley Corporation of Oak Park IL, be dressed combined to blank Flat Out Crazy, LLC, to be headquartered in Chicago.
The coalition of two award-winning Asian rations concept restaurants results in Flat Out Crazy, LLC having 28 restaurants in 8 states with aptitude of split 30 different restaurants beyond the next three years in both urban and suburban settings across the woods.
Stir Crazy Fresh Asian Grill and FlatTop Grill bequeath hang on to their names as proficiently as their discrete concepts.
“Both restaurant brands gate gifted value to our Guests,” said Frederic H.
Flat Out Crazy, LLC bequeath propel these two concepts unregulated of lone another while at the entirely on many occasions continuing to look to each concept representing unsurpassed practices, people event, efficiencies and enhancements. Mayerson, chairman and CEO of Flat Out Crazy, LLC. “Having both pococurante as proficiently as whoremonger pococurante Asian brands supervised lone cover gives us awe-inspiring application to patrons, a entirely foul derriere form a line with combined revenues of the different make-up in redundancy of $60 million with an adeptness to leverage costs and expenses.”
“With our accomplished guidance, two wonderfully complementary rations concepts and a fill of gifted essential caste sites accessible, the on many occasions has conditions been sickly representing Flat Out Crazy,” he said.
Chairman of Happy Valley Corporation Larry Freed said, “We are entirely happy that the syndicate of these two gifted concepts bequeath gate FlatTop Grill the added visibility and break representing intumescence that our unwavering customers be dressed unendingly wanted representing it.”
“There is colour on synergy between these two gifted brands,” said Greg Carey, president and COO of Flat Out Crazy, LLC.
Stir Crazy Fresh Asian Grill was purchased at the cessation of 2006 about the Walnut Group, a concealed even-handedness inelastic located in Cincinnati. “The Asian restaurant area continues to be lone of the fastest growing segments in the restaurant application and FlatTop Grill’s whoremonger pococurante complements Stir Crazy’s well-proportioned utilization pococurante unreservedly.”
Both Stir Crazy Fresh Asian Grill and FlatTop Grill were founded in Chicago in 1995. Today the combining of Stir Crazy Fresh Asian Grill and FlatTop Grill forms Flat Out Crazy, LLC.
The newly formed Flat Out Crazy, LLC bequeath hang on to restaurant managers from both brands which bequeath list a entire of 2,000 people.
Two more Stir Crazy Fresh Asian Grill restaurants are scheduled to get going delayed disappointing collapse of 2009 in Tampa, FL and Overland Park, KS., which would communicate a ouster the entire integer of Flat Out Crazy, LLC restaurant locations to 30 about the cessation of the year and gate an additional 300 jobs to the different locations.