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Craveworthy Brands to Acquire Papa Gino’s Parent

Craveworthy Brands has agreed to buy New England Authentic Eats LLC, the parent company of Papa Gino’s Pizzeria, in a deal that would add more than 160 restaurants to the buyer’s portfolio. The companies did not disclose the purchase price.

Craveworthy Brands to Acquire Papa Gino’s Parent

The acquisition is expected to add about $160 million in annual revenue to Craveworthy’s platform, the company said in a press release. The release did not include a deal price.

Craveworthy’s holdings include Gregorys Coffee, Wing It On! and Big Chicken. The company currently has nearly 300 locations and more than $300 million in systemwide sales. Its chief executive, Gregg Majewski, is a former CEO of Jimmy John’s.

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