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Newport Man Completes Naugles, Del Taco Purchase
[Orange County Edition]
Los Angeles Times (pre-1997 Fulltext) - Los Angeles, Calif.
Author: Galante, Mary Ann
Date: Mar 30, 1988
Start Page: 5
Section: Business; 4; Financial Desk
Abstract (Document Summary)

In an interview when the transaction was first announced, [Anwar Soliman] told The Times that he intended to "create one big company-a powerhouse . . . to go after the very growing segment" of Mexican fast-food. Soliman in February estimated 1987 combined sales of Naugles and Del Taco at $250 million-or almost half of the market share for the Mexican fast-food industry.

The 171 Naugles restaurants were purchased from Los Angeles-based Collins Foods International. The Naugles subsidiary, based in Orange, has outlets in California, Utah, Nevada and Missouri.

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