Buffalo Wild Wings makes investment in Dallas-based Rusty Taco August 25, 2014
MINNEAPOLIS (AP) -- Buffalo Wild Wings has made a majority investment in Rusty Taco, seeking to help the chain grow throughout the country.
Dallas-based Rusty Taco Inc. specializes in freshly made tacos. The privately held company has nine restaurants in the Dallas, Denver and Minneapolis/St. Paul areas.
Financial terms were not disclosed.
Rusty Taco is a fast casual-type restaurant that specializes in street-style tacos made fresh and from scratch. The first Rusty Taco opened on Greenville in Dallas in 2010. Since then it has grown to include nine locations, two company owned, and seven franchised locations.
This isn't the first time Buffalo Wild Wings Inc. has made an investment in another restaurant operator. The Minneapolis company previously made a minority investment in artisanal pizza company PizzaRev. Kathy Benning, Buffalo Wild Wings' executive vice president, chief strategy officer and new business development, said in a statement on Monday that the company is actively looking to make more investments to help build up its brand portfolio.
Buffalo Wild Wings currently has more than 1,030 of its restaurants in the U.S., Canada and Mexico. Its stock gained $1.14 to $145.44 in morning trading. - Robert Francis contributed to this report