US EditionNational restaurant chain that recently filed for bankruptcy bought by competitor
- On May 7, 2025, Houston-based Pappas Restaurants won the auction to acquire On The Border Mexican Grill & Cantina, pending court approval.
- The acquisition followed On The Border’s recent bankruptcy and aims to unite two Texas-based restaurant brands with shared Tex-Mex roots.
- On The Border manages 60 restaurants it owns directly and an additional 20 franchised locations throughout 18 states and South Korea, earning a reputation for vibrant flavors and an energetic dining environment.
- CEO Mike Rizzo said Pappas is “excited to welcome On The Border to the Pappas family” and sees “tremendous opportunity to invest in its future.”
- The acquisition will expand Pappas’ Tex-Mex presence and allow menu enhancements while honoring On The Border’s history and fan favorites.
49 Articles
49 Articles
Mexican restaurant chain that recently filed for bankruptcy bought by competitor
Two months after it filed for Chapter 11 bankruptcy relief, On the Border has been purchased by a competing restaurant group. Earlier this week, Pappas Restaurants announced it was selected as the prevailing bidder during the auction of On The Border Mexican Grill & Cantina.
National restaurant chain that recently filed for bankruptcy bought by competitor
Two months after it filed for Chapter 11 bankruptcy relief, On the Border has been purchased by a competing restaurant group. Earlier this week, Pappas Restaurants announced it was selected as the prevailing bidder during the auction of On The Border Mexican Grill & Cantina.
Houston-based Pappas Restaurants wins bankruptcy auction for On The Border
The purchase is subject to court approval later this month. On The Border, headquartered in the Dallas area, operates 80 locations in the U.S. and internationally, but does not have any restaurants in the Houston area.
Restaurant brand to save bankrupt On The Border & plans menu takeover
A POPULAR restaurant brand is poised to save On the Border after its bankruptcy filing – and a massive menu takeover is coming. On the Border has been saved by its knight in shining armour, in a time when the dining sector is struggling more than ever. GettyOn the Border has been saved by its knight in shining armour, in a time when the dining sector is struggling more than ever[/caption] The restaurant business is struggling with higher food co…
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