CMX To Acquire Cobb Theatres
CMX Cinemas, the wholly owned subsidiary of Cinemex, and Cobb Theatres, a highly respected operator of progressive movie theatre brands primarily located in the southeast, today jointly announced a purchase agreement pursuant to which CMX will acquire all of Cobb’s 25 existing locations as well as two theatres under development in Florida and Georgia. The purchase represents the on-going strategy of CMX Cinemas to establish a major footprint within the motion picture exhibition industry in the United States. The acquisition will position CMX as the eighth largest movie theatre chain in the United States with 30 currently operating sites and 342 screens.
CMX will continue to grow organically and through acquisitions in the United States by developing and opening new theatres. Since the successful launch of its first movie theatre at Brickell City Centre in Miami, FL in April 2017, CMX has become a recognized entertainment destination.
Peter J. Solomon Company is serving as exclusive financial advisor to Cobb Theatres.
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