OVERLAND PARK Kan. NPC International, the largest Pizza Hut franchisee, has agreed to buy 99 units from franchisee Colonial Foods LLC in a deal valued at $35 million. The units are located in Virginia, West Virginia and Maryland. The deal is expected to close in September, according to a statement from Jim Schwartz, NPC’s chief executive, who said the company would finance the deal through a revolving credit facility as well as cash.The units include 50 dine-in restaurants, 46 ...
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Contact: Desiree Torres Desiree.Torres@penton.com