May 1, 2016 – Alex F. Fernandez, President & CEO of FLMS Foods has announced the signing of a Purchase Agreement for 5 Dunkin Donuts Restaurants in the Jacksonville area from the Fresco Development Group. The agreement has received preliminary approval by Dunkin Brands and now is in the implementation process which may take up to 30 days.
“We are delighted with this acquisition in the Jacksonville area”, stated Mr. Fernandez. He further added, “This purchase will double the size of our network with Dunkin Brands. After only five years with Dunkin and upon the completion of the acquisition we will have 10 locations and one under construction. The Fernandez Family is strongly committed to grow our presence in the markets we operate”.