Foodtastic Inc., a prominent player in the restaurant sector, successfully acquired Archibald Restaurants, a distinguished Quebec-based dining chain. This acquisition represents a pivotal point in Foodtastic Inc.'s growth, significantly bolstering its portfolio by integrating Archibald Restaurants' unique dining, drinking, and entertainment offerings. Through this deal, Foodtastic Inc. has secured exclusive development rights for the Archibald brand, highlighting its commitment to providing unparalleled dining experiences.

Peter Mammas, President and CEO of Foodtastic Inc., expressed enthusiasm over the acquisition, emphasizing its alignment with the company's strategy to diversify and enhance culinary experiences across Quebec and Canada. The transaction underlines Foodtastic Inc.'s intentions to expand the Archibald brand, with plans to launch several new locations in the next two years.

While the summary does not specify the transaction value or legal advisors involved, it encapsulates the strategic importance of the acquisition for Foodtastic Inc., including future expansion plans and the aim to strengthen its market presence through the Archibald Restaurants brand.