Jeff O’Neill, Einstein Noah president and chief executive, said in a statement: “This acquisition fits well within our aggressive growth strategy, as we believe there is tremendous opportunity for Einstein Noah in this market.”
Einstein Noah officials said the five Kettleman Bagel locations will be rebranded to one of the company’s existing brands.
US-based Einstein Noah operates more than 750 restaurants under the Einstein Bros Bagels, Noah’s New York Bagels and Manhattan Bagels brands in 39 states and the District of Columbia.
The acquisition will give Einstein Noah an opportunity to build that brand out across Portland as a company-owned market, Raphael Gross, a spokesman for Einstein Noah, said.
The Kettleman Bagel chain was founded in 2006 by Jeffrey Wang, its president and chief executive, who said he planned to retire. “I’m just too tired,” Wang said. “I’m 57 and I’m burned out. We have about 100 employees and they’ll carry on from here.”
Source: Einstein Noah
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