"This transaction will provide amazing opportunities and synergies with CMX's aggressive growth plan. "We are thrilled that Star Cinema Grill and the wonderful people that work for this company will have the opportunity to be part of a growing, premiere, international cinema operator such as CMX, that holds itself to the same high standards that we do ," says Omar Khan, President and CEO of Star Cinema Grill. We thank Star Cinema Grill for its continued support during this process and in turn, CMX reiterates the commitment to offer the best service to all our guests ," Velez said.
"This new venture will bolster CMX's robust expansion plans in the United States and comes on the heels of our recent acquisition of Cobb Theatres.
Star Cinema Grill's locations and expertise in the motion picture exhibition industry will complement CMX's position in the United States," said Rogelio Velez, Chief Executive Officer for Cinemex and CMX. "This acquisition creates a perfect fit for CMX due to our shared vision with Star Cinema Grill to provide an exceptional guest experience. The acquisition will position CMX as the seventh largest movie theatre chain in the United States with a presence in 13 states, 51 sites, and 504 screens.
The purchase reflects the on-going strategy of CMX Cinemas to establish a major footprint within the motion picture exhibition industry in the United States.
MIAMI, Ma/PRNewswire/ - CMX Cinemas, the wholly-owned subsidiary of Cinemex, and Star Cinema Grill, a highly respected operator of upscale dine-in movie theatres primarily located in the Houston metropolitan area, today jointly announced a purchase agreement through which CMX will acquire all of Star Cinema Grill's 10 existing locations as well as one theatre under development in The Woodlands, Texas.
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