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It's a McWrap, with salsa
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February 10, 1998: 1:09 p.m. ET
McDonald's flips a Denver-area burrito maker onto its sizzling grill
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NEW YORK (CNNfn) - A Denver-based restaurant chain specializing in south-of-the-border noshing is looking for a big McBoost from its Golden Arched grillmate.
McDonald's Corp. said Tuesday it plans to buy a minority stake in World Foods, operator of the Chipotle Mexican Grill, a chain of 14 fast-food restaurants in the Denver Area.
McDonald's didn't disclose the terms of the investment, or when it expects to close the deal.
But Patrick Flynn, the executive vice president of McDonald's USA, described the move as "an opportunistically-driven minority investment in a small-restaurant concept."
"McDonald's grew to what it is today by testing new ways to meet our goal of satisfying customer's appetite for great food, served well, at a good value," Flynn said. He added that "Chipotle Grill is another opportunity to gain such learnings."
Flynn said McDonald's would make this investment a test case in deciding whether to create additional franchises with the same concept.
McDonald's Corp., the world's leading fast- food chain, operates and franchises more than 23,000 outlets wordwide. Its 12,300 U.S. outlets command a 42 percent share of the hamburger market. 
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McDonald's Corp.
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