AFC Enterprises Inc Announces Completion Of Restaurant Acquisition

AFC Enterprises Inc announced that the completion of its planned $13.8 million acquisition of 27 restaurants in Minnesota and California. As the Company indicated on its third quarter earnings call on November 8, 2012, the acquisition was approved by the bankruptcy court overseeing the bankruptcy of the seller. Twenty-six (26) of the acquired restaurants will be converted into the Popeyes Louisiana Kitchen image and the other restaurant property will be sold. The acquisition accelerates the growth of the Popeyes system and establishes the brand in underpenetrated markets.