Already a highly competitive environment, the restaurant industry has been going through many changes in the last couple of years. Some concepts have disappeared (ex. Bennigan's), others have restructured under bankruptcy protection (ex. Bakers Square), others again were spinned off (ex. Romano's Macaroni Grill). California Kitchen Pizza has just been acquired by Golden Gate Capital for $21.6 million or $18.50 a share for an 88% equity.
Golden Gate Capital has now become a group including On The Border Grill, Romano's Macaroni Grill and recently CPKI. In the last twelve months, Burger King Inc., Steak & Shake and Western Sizzling have also changed controlling ownership.
In Schaumburg, California Kitchen Pizza is located at 1550 E. Golf Rd., (847) 413-9200. They are open on weekdays from 11 AM to 10 PM, on weekends from 11 Am to 11PM and on Sundays from 11 AM to 9PM.
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