RaceTrac's Purchase of Potbelly
RaceTrac spent millions to buy sandwich chain Potbelly, completing the purchase on October 23.
The Atlanta-based convenience retailer acquired Potbelly Corp. for $566 million, taking the company private.
Potbelly is known for its toasted submarine sandwiches, salads, and milkshakes.
While many convenience store operators have expanded into food service, not all RaceTrac locations will feature sandwich shops.
RaceTrac is betting sandwiches can help fuel its future.
RaceTrac has 439 locations, but it's unclear how many will offer Potbelly sandwiches.
- RaceTrac completed the purchase of Potbelly Corp.
- The deal was valued at $566 million.
- Potbelly is known for its toasted submarine sandwiches, salads, and milkshakes.
Author's summary: RaceTrac buys Potbelly for $566 million.