Chevy S Mexican Restaurants

Restaurant operator Chevy's Inc. agreed to acquire a chain of 66 Mexican-style restaurants from Applebee International Inc. for $53 million in cash, expanding its reach into the Southeast and Midwest markets. San Francisco-based Chevy's, which operates restaurants primarily in the Western U.S., said it will spend about $6 million to bring the Rio Bravo Cantina franchisees into its network of almost 100 Fresh Mex restaurants.

Restaurant operator Chevy's Inc. agreed to acquire a chain of 66 Mexican-style restaurants from Applebee International Inc. for $53 million in cash, expanding its reach into the Southeast and Midwest markets. San Francisco-based Chevy's, which operates restaurants primarily in the Western U.S., said it will spend about $6 million to bring the Rio Bravo Cantina franchisees into its network of almost 100 Fresh Mex restaurants.