BBQ Holdings, parent company of chain restaurant Famous Dave’s BBQ, announced an agreement to purchase Bloomington, Minnesota-based Granite City Food and Brewery, which filed for Chapter 11 bankruptcy in late 2019.
“This meaningfully accretive acquisition of Granite City Food and Brewery aligns with our strategy to accelerate growth and expansion as a multi-brand restaurant company,” BBQ Holdings CEO Jeff Crivello said in a press release.
Minnetonka, Minnesota-based BBQ Holdings’ brands include Famous Dave’s BBQ, Clark Crew BBQ and Real Famous BBQ with 126 locations in 33 states. Granite City, founded in 1999, operates 25 locations, mostly in the Midwest.
In 2018, Granite City ranked fifth in volume among national brewpub chains, despite sales declining 12%, to 13,493 barrels, across 32 locations, according to trade group the Brewers Association.