Calios buys DP Dough, converts all locations to DP Dough units
May 2, 2019
May 2, 2019
Calios, a 13-unit calzone chain, has signed an agreement to purchase its competitor, D.P. Dough Franchising LLC. The deal, which should be complete by fall, merges the companies into one 43-unit chain under the D.P. branding and is the result of negotiations between D.P. Dough CEO Matt Crumpton and Eric Cook, CEO of Food Guys, which owns Calios. "After speaking with Eric it became clear that, if D.P. Dough and Calios joined forces, the whole would be greater than the sum of its parts," Crumpton said in a company press release. The companies said that customers should not see any major changes as a result of the deal, which moves Crumpton — an attorney — to a member of the management team in a consulting and general counsel role, while Cook will remain in the leadership role at the newly combined company. The D.P. Dough marketing department, which Crumpton heads, will be retained as an outside marketing firm. In fact, Cook said he was formerly a D.P. Dough employee in Cortland, New York, and later opened the Calios concept as a competitor. "It feels great to be back where I started and to be able to grow D.P. Dough by bringing the two brands together just makes it that much more special," Cook said in the release. "This deal will give the company the burst of momentum it needs to reach our goal of having a D.P. Dough at every major college campus in America."