Entrepreneur Stanley Ma (inset) founder of Montreal’s MTY Foods Group Inc., is back on the takeover trail with his biggest-ever bite: he is swallowing Toronto-based Mr. Submarine Ltd. for $23 million cash. The deal will expand his national fast food restaurant network to 2,070 units, including several smaller deals he has recently made. MTY is a franchisor and operator. The privately held Mr. Submarine sandwich maker, 43 years old and one of Canada’s best known fast food chains, has annual sales of more than $100 million. Montreal Gazette link off the headline above.
