WASHINGTON 鈥� Bethesda-based fast casual Mediterranean restaurant chain has completed its $300 million acquisition of Plano, Texas-based Mediterranean competitor .
The deal catapults the locally-founded restaurant business from about 70 locations to nearly 350 nationwide.
Cava said it will keep its headquarters in Maryland, but will maintain a 鈥渕eaningful presence鈥� in Plano. The combined company now has more than 8,000 employees in 24 states.
鈥淭oday鈥檚 announcement is an exciting milestone for CAVA, and we鈥檙e thrilled to welcome Zo毛s Kitchen to our team. Together, these two brands are united by a shared heritage and passion for exceptional Mediterranean cuisine,鈥� CAVA CEO Brett Schulman said.
The Zoe鈥檚 Kitchen brand name will continue to be used for the foreseeable future, CAVA said.
CAVA had grown exponentially even before the acquisition. The company was founded in 2006 by Maryland natives Ted Xenohristos, Ike Grigoropoulos and Dimitri Moshovitis 鈥� all three, children of Greek immigrants.
The company鈥檚 restaurants include CAVA and its more formal sister chain, Cava Mezze. It also runs Sugo Osteria in Potomac, Maryland and Brusco Luncheonette in Baltimore.
Dips and spread from CAVA are also sold in 250 Whole Foods stores.
