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Pancake House set to acquire restaurants in Indonesia, Thailand

Restaurant chain also continues expansion in Malaysia
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Listed restaurant chain Pancake House Inc. (PCHI) is in talks to acquire two restaurant businesses in Indonesia and Thailand, a move seen to support its bid to expand overseas. [Read about the latest financial report of Pancake House here]

PCHI, which owns and operates Pancake House, Teriyaki Boy, Dencio’s,  Sizzlin Pepper Steak, Kabisera, Le Couer de France and Singkit, said the companies to be acquired are engaged in  the casual dining business. [See 10 restaurant business ideas here]

“We will be acquiring the two companies, which specialize in hot pots, in the next two years. The Indonesian [company] has about 80 branches throughout Indonesia while the Thai [company] has about 30 branches,” said Martin Lorenzo, PCHI chairman and chief executive officer, during the company’s annual stockholders’ meeting on Thursday. [See tips on buying or selling a business here]

Besides eyeing Indonesia and Thailand, the company is also planning to expand in Malaysia.

“We plan to have three stores in the next three years in Kota Kinabalu and we plan to bring the number of stores that we have in Malaysia to about 10 to 15,” Lorenzo said. [Read about intellectual property in overseas expansion here]

Initial plans to expand in Vietnam have been shelved, Lorenzo said. - Carlo Mallo

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