Fruitas completes acquisition of Heat Stroke Grill
Leading food and beverage kiosk operator Fruitas Holdings, Inc. (Fruitas) said it has already acquiree the assets of Heat Stroke Grill, which will expand the company’s food portfolio.
“This acquisition is in line with the strategy of Fruitas for its food parks, viewing them as incubators for new concepts,” Fruitas said.
Fruitas said Heat Stroke Grill, which currently has two outlets, will complement Fruitas’ Sabroso Lechon and its rice meals concepts.
A report in Manila Bulletin showed that Fruitas currently has 1,068 stores and targets to grow its network to 2,000 stores by 2023.