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 ...
Register to view this article
It’s free but we need to know a little about you to continually improve our content.
Registering allows you to unlock a portion of our premium online content. You can access more in-depth stories and analysis, as well as news not found on any other website or any other media outlet. You also get free eNewsletters, blogs, real-time polls, archives and more.
Attention Print Subscribers: While you have already been granted free access to NRN we ask that you register now. We promise it will only take a few minutes!