Barbeque Galore Finds a Buyer

MarketWatch reports that troubled US barbeque retailer, Barbeques Galore, Inc. has sold most of it's assets to Grand Hall Enterprises , the largest BBQ grill manufacturer in Taiwan.

The purchase price of about $15.0 million in cash and included at least 31 stores in Texas, California and Arizona and the right to designate additional stores within the next three months.

"Grand Hall has more than 30 years of experience in manufacturing barbeque grills, and we are delighted at the opportunity to acquire the only retail chain of barbeque grills in the United States," said William Home, chairman & CEO of Grand Hall.

If, like us at BBQ Bling, you've never heard of Grand Hall, here's what the company says about itself:

Grand Hall, established in 1976, is principally engaged in manufacturing gas grills, as well as related appliances and components. The Company's major products include barbeque gas grills, gas valves, indoor/outdoor heaters and gas water heaters.

The Company distributes its products in Asia, the United States, Australia, Europe and Africa. Grand Hall's securities are publicly traded on Taiwan's Over-the-Counter market.

Have a look at Grand Hall's Australian web site.