M&A Deal Summary

Restaurant Technologies Acquires Grease Lock

On October 31, 2019, Restaurant Technologies acquired consumer products company Grease Lock

Acquisition Highlights
  • This is Restaurant Technologies’ 1st transaction in the Consumer Products sector.
  • This is Restaurant Technologies’ 2nd transaction in the United States.
  • This is Restaurant Technologies’ 2nd transaction in Minnesota.

M&A Deal Summary
Date 2019-10-31
Target Grease Lock
Sector Consumer Products
Buyer(s) Restaurant Technologies
Deal Type Add-on Acquisition

Target

Grease Lock

Mendota Heights, Minnesota, United States
Grease Lock is a provider of disposable grease filter pads that simplify hood maintenance and help increase fire safety in commercial kitchens. Grease Lock is based in Mendota Heights, Minnesota.

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Buyer(S) 1

Buyer

Restaurant Technologies

Mendota Heights, Minnesota, United States
Category Company
Founded 1996
Sector Business Services
Revenue 109M USD (2013)
DESCRIPTION

Restaurant Technologies is a foodservice industry partner, proudly serving more than 32,000 quick-service and full-service restaurant chains, independent restaurants, grocery delis, hotels, casinos, universities, and hospitals nationwide. The company helps make foodservice operations safer, smarter, and more efficient through cooking oil and hood and flue management solutions. It has a long history of sustainability, working with partners to provide used cooking oil as input into renewable diesel and biodiesel, creating an ESG-friendly process of recycled used cooking oil for its customers. Restaurant Technologies was formed in 1996 and is based in

DEAL STATS #
Overall 2 of 2
Sector (Consumer Products) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (Minnesota) 2 of 2
Country (United States) 2 of 2
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-04 Melecca Tech

Saint Paul, Minnesota, United States

Melecca Tech, Inc. (dba Pure Fill Solutions) is a provider of an innovative cooking oil management solutions and high-quality service to over 300 customer locations.

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