On Monday, Salinas Products, a large food
distributor based in Mexico City, announced
its plans to acquire the Pablo’s restaurant
chain. Pablo Benavidez, the chain’s owner,
had been considering holding an auction for
ownership of the chain. He ultimately made
the decision to sell to Salinas without seeking
other offers. According to inside sources,
Salinas has agreed to keep the restaurant’s
name as part of the deal. Mr. Benavidez
started the business 40 years ago right after
finishing school. He opened a small food stand
in his hometown of Cancún. Following that,
he opened restaurants in Puerto Vallarta and
Veracruz, and there are now over 50 Pablo’s
restaurants nationwide.
distributor based in Mexico City, announced
its plans to acquire the Pablo’s restaurant
chain. Pablo Benavidez, the chain’s owner,
had been considering holding an auction for
ownership of the chain. He ultimately made
the decision to sell to Salinas without seeking
other offers. According to inside sources,
Salinas has agreed to keep the restaurant’s
name as part of the deal. Mr. Benavidez
started the business 40 years ago right after
finishing school. He opened a small food stand
in his hometown of Cancún. Following that,
he opened restaurants in Puerto Vallarta and
Veracruz, and there are now over 50 Pablo’s
restaurants nationwide.