Jack in the Box is buying out Del Taco, the country’s second-largest Mexican fast-food chain, in a deal worth $575 million, which includes existing debts, according to a company statement published Monday.
“This is a natural combination of two like-minded, challenger brands with outstanding growth opportunities. Together, Jack in the Box and Del Taco will benefit from a stronger financial model, gaining greater scale to invest in digital and technology capabilities, and unit growth for both brands,” said Darin Harris, CEO of Jack in the Box.
