WACO, Texas (PRWEB) September 22, 2014
Rainbow International® Restoration, a subsidiary of The Dwyer Group®, one of the world’s largest international service franchising organizations, announced Friday the re-acquirement of the Germany master franchise license from the previous master licensee. Terms of the deal were not disclosed.
“Reacquiring this master license confirms our commitment to direct franchising in select international markets. We are particularly excited about the opportunity to continue to build the Rainbow International brand in Germany, where there is room to build a very large network,” stated Mike Bidwell, president and CEO of The Dwyer Group.
The Dwyer Group first sold the Rainbow International master license in Germany in 1992, with the goal of expanding the brand in Europe. Rainbow International currently is building its brand in Germany, Ireland and the UK.
Rainbow International President, Mark Welstead, is excited about the future of German expansion. “The headway made in Germany by our previous master licensee will allow our brand to continue to grow and strive in the German economy,” stated Welstead. “We look forward to continuing this forward momentum and expanding our service reach throughout the country.”
The legal re-acquirement of the master license commenced Friday.