Canadian restaurant operator MTY Food Group Inc. has signed a deal to buy rival Casa Grecque.

Under the deal, MTY said it expects to pay $19.5 million for the assets, plus about $3 million for the inventory at closing.

The assets being acquired also include a central kitchen and a distribution centre that serves the restaurants as well as some external customers.

The deal, which is subject to multiple conditions, is expected to close by the end of the year.