Tim Horton's

1093 Words5 Pages
MNGT 395 – Case Study 2 Competition, M&A, and International Expansion MNGT 395 – Case Study 2 Competition, M&A, and International Expansion Jordan Abrams, Angela Cooke, Jaycee Bautista Jordan Abrams, Angela Cooke, Jaycee Bautista Contents Mergers and Acquisitions 2 International Expansion 3 Works Cited 4 Mergers and Acquisitions Tim Horton first started partnership with Ron Joyce, a businessman and the chain’s first franchisee to expand the chain. In 1995, in the same year the company opens its 1,000th Canadian store, Tim Hortons merged with Wendy’s International, Inc., to give new focus to the expansion of the Tim Hortons idea (Csanady, 2014). This merger strategy was done to quickly expand the company’s geographic coverage internationally especially in the US. After a decade of partnership of Tim Hortons and Wendy’s, the two companies have separate their ways as Tim Hortons went public and trades as THI on the Toronto Stock Exchange and the New York Stock Exchange. (Csanady, 2014) Three years after the separation of Tim Hortons and Wendy’s, Tim Hortons inked a deal to partner with Cold Stone Creamery in 2009 to build joint stores and also for Tim Hortons to change its corporate structure to become a Canadian public company. (Csanady, 2014). Tim Horton’s partnership with Cold Stone Creamery was to extend its company’s business into new product categories. Then in February 2014, Tim Hortons ends its partnership with Cold stones Creamery as Tim Hortons made a lot of changes to make its restaurant more productive and competitive. (Shaw, 2014) After all the merger and acquisitions of Tim Hortons, the company is now officially merged with Burger King. The company became the third largest fast food chain on the planet. Recent acquisition of Restaurant Brand International of Tim Hortons made a huge impact on the
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