Delaware North Companies has entered into an agreement to acquire a majority interest in Patina Restaurant Group, which operates restaurants and manages catering and food service operations at high-profile venues in New York, California, Las Vegas and Orlando. Patina is currently majority owned by the Japanese firm Shidax Corp., which will continue to own a minority interest in the unit. Total revenue for DNC with the addition of Patina is expected to be in excess of $3 billion in 2014.
Delaware North Acquires Patina Restaurant Group
Patina principals Nick Valenti and Joachim Splichal to remain with the organization.