Yes, Jack in the Box owns Del Taco. The acquisition was officially completed in March 2022.
The Acquisition of Del Taco
Jack in the Box, a prominent quick-service restaurant chain, announced its intent to acquire Del Taco on December 6, 2021. This strategic move aimed to expand Jack in the Box's brand portfolio and market reach. The acquisition was finalized swiftly in March 2022, with the deal valued at $12.51 per share for Del Taco.
This integration means that Del Taco now operates as a subsidiary under the ownership of Jack in the Box, while largely maintaining its distinct brand identity and operations.
Key Details of the Acquisition
| Aspect | Detail |
|---|---|
| Acquirer | Jack in the Box |
| Acquired Company | Del Taco |
| Announcement Date | December 6, 2021 |
| Finalization Date | March 2022 |
| Acquisition Price | $12.51 per share |
About Del Taco
Del Taco is a fast-food chain recognized for its unique combination of American and Mexican-inspired menu items. It continues to be led by Brand President Tom Rose and is headquartered in Lake Forest, California.
Del Taco's Current Reach
- Approximate Number of Locations: 600
- Number of US States Served: 16
- Headquarters Location: Lake Forest, California
- Current Leadership: Brand President Tom Rose
This acquisition represents a significant consolidation in the quick-service restaurant industry, bringing together two established brands under one corporate umbrella.
