Pappas To Acquire On The Border

Houston, TX-based Pappas Restaurants has been selected as the prevailing bidder during the auction of On The Border Mexican Grill & Cantina. The transaction, subject to court approval, is expected to be finalized and close in the coming weeks.

Dallas-based On The Border had filed for Chapter 11 bankruptcy protection in early March. The company, which had closed 40 locations in February, cited higher costs and fewer people dining out. 

Founded in 1982, On The Border is known for its mesquite-grilled fajitas, hand-crafted Margaritas and lively dining atmosphere. At its peak the chain operated more than 150 locations across the U.S. and internationally; it currently has 60 company-owned restaurants across 18 states and has 20 franchised locations in the U.S. and South Korea.

The deal expands Pappas’ presence in the Tex-Mex category, allowing the family-owned and operated company to serve a wider range of guests across more markets. Its brands include Pappadeaux Seafood Kitchen, Pappasito’s Cantina, Pappas Bar-B-Q and Pappas Bros. Steakhouse. 

The post Pappas To Acquire On The Border appeared first on Beverage Information Group.