Patina Restaurant Group is a leader in the premium segment of the restaurant industry. “We share a common philosophy centered on providing memorable dining with superior service to our guests.” “Joachim and I are delighted to now officially be a part of Delaware North, a company we’ve admired for many years,” said Nick Valenti, CEO of Patina Restaurant Group. Total revenue for Delaware North with the addition of Patina Restaurant Group is expected to be in excess of $3 billion in 2014. The addition of Patina Restaurant Group will bring the total number of employees of Delaware North to nearly 60,000. He will work closely with Valenti and Splichal on the continued success and growth of the company. Matthew King, formerly president of Delaware North Companies Travel Hospitality Services, will assume a new role as president of Delaware North Companies Landmark Holdings, with oversight over Patina Restaurant Group. Valenti andSplichal will remain in their current positions at Patina Restaurant Group, providing continued leadership and innovation to Patina and sharing their experience and knowledge across Delaware North’s portfolio. Shidax will continue to own a minority interest in Patina Restaurant Group. Patina Restaurant Groupwas previously majority owned by Shidax Corporation, a publicly traded, Japanese foodservice company (JASDAQ: 4837). Patina Restaurant Group isa leader in the premium segment of the restaurant and cateringindustryand operates restaurants and manages catering and food service operations at high-profile venues in New York, California and Orlando. Delaware North Companies, a global leader in hospitality and food service and one of the largest privately held companies in North America, announced it has closed on its acquisition of a majority interest inPatina Restaurant Group.
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