RAMMP Hospitality Brands Inc.

RAMMP Hospitality Brands Inc.

July 18, 2014 11:00 ET

RAMMP Hospitality Announces Sale of The Pantry and Rockwell's to Triumph Hospitality Group

VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 18, 2014) - RAMMP Hospitality Brands Inc. has today announced that it is divesting of its interests in The Pantry Restaurant and Rockwell's Grill & Bar brands. As of July 14, 2014, Triumph Hospitality Group will take over the ownership of both hospitality portfolios.

RAMMP Hospitality, known for successfully building national hospitality brands, will continue to be the franchisor for popular Western Canadian chain, MR MIKES SteakhouseCasual.

"This was not an easy decision but we believe it is the best decision for the brands and one that will allow them to continue to grow and flourish in the marketplace under new ownership," says Robin Chakrabarti, Co-Founder RAMMP Hospitality Brands. "The team at Triumph Hospitality Group is extremely passionate about the future of the brands so we are confident that the best is yet to come."

"It is an honour for us to own and operate both The Pantry and Rockwell's brands. Our goal is to continue building successful stores as well as positioning both brands as the number one choice in their respective segments," says Rahim Rajwani, President and CEO of Triumph Hospitality Group. "Full-service restaurant sales are tracking up 10 percent year-over-year. We expect the trend to continue."

Well-known brands on the west coast, The Pantry Restaurant, known for its home fresh food, has 14 locations in B.C. with one new location to open in Kitimat and one in Alberta. Rockwell's Grill & Bar, a chain known for its premium feel and plush furnishings, has three locations in the Lower Mainland. Plans to expand locations include up to 13 new stores over the next four years across Canada.

With over 50 years of heritage, MR MIKES SteakhouseCasual currently has 24 locations across Western Canada, with plans to open another 50 locations over the next seven years with restaurants opening this year in Regina, Saskatoon, Prince Albert and Dauphin, Manitoba. Winnipeg, Fort McMurray, Cochrane, White Horse, Hinton and Peace River are locations slated for 2015.

About RAMMP Hospitality Brands Inc.

RAMMP Hospitality Brands Inc. was created by a group of senior restaurant industry specialists with over 100 years of combined experience. Their goal is to build national hospitality brands through long-standing and profitable franchisees that are well supported by leading processes and practices at the franchisor level. RAMMP's growing success is built on the strength and commitment of the partnership between the franchisees and the RAMMP team. For more information, visit: www.rammp.net.

About Triumph Hospitality Group

Proudly Canadian owned and operated, Triumph Hospitality Group ("Triumph") is an experienced operator in the food and beverage industry. Employing a dynamic group of hospitality professionals with experience in managing cafes, franchises and full service restaurants, Triumph is committed to providing a fresh food experience with a commitment to excellence.

Contact Information