Benzinga | Oct 6, 2021 01:46PM EDT

Del Taco Steps Into North Carolina With Ram Restaurants Franchise Deal

* Del Taco Restaurants Inc (NASDAQ:TACO) has signed a deal with North Carolina-based franchise group Ram Restaurants Inc to open five units in the Raleigh and Durham areas. The financial terms of the arrangement were not disclosed.

* Del Taco expects the deal to bring its restaurants to North Carolina for the first time.

* The announcement comes soon after Del Taco announced a development agreement for Southern Virginia.

* Related Content: Del Taco Signs Franchise Development Agreement In Virginia

* Price Action: TACO shares are trading higher by 1.20% at $8.845 on the last check Wednesday.