Cara Operations Limited announced that on August 31, 2015 it entered into a purchase agreement to acquire a 100% interest in New York Fries from 122164 Canada Ltd. The anticipated close date for the transaction is the fall of 2015. With 120 locations in Canada and another 36 abroad, New York Fries is one of Canada's most successful QSR concepts. New York Fries was founded in 1984 by Jay Gould and his brother Hal, who recognized that an opportunity existed in the market for premium fresh cut fries. New York Fries' head office will be relocated to Cara's existing head office in Vaughan, Ontario and its business and back-end processes will be integrated into Cara's over the course of the next 12 months.

The company announced that Warren Price, New York Fries' long-time Executive Vice-President (who will be joining Cara to continue to lead the New York Fries brand).