Jollibee Foods acquires remaining 15% of Smashburger
In 2015, Smashburger entered into a strategic partnership with JBC.
Jollibee Foods Corp. (JFC), Philippines, acquired the remaining 15% of Smashburger, Denver, Colo., from Black Shamrock Partners, formerly known as Consumer Concept Group & Affiliates, Denver.
In 2015, Smashburger entered into a strategic partnership with JBC to sell 40% of the company at a $335 million value. In February, JBC announced plans to acquire an additional 45% of the company for $100 million, bringing its ownership stake to 85% total at that time.