Friday, January 8, 2021

NPC International agrees to $801M sale of its Wendy's, Pizza Hut assets

Restaurant Dive
NPC International and Flynn Restaurant Group entered into an asset purchase agreement on Thursday in which NPC’s Wendy’s restaurants in Salt Lake City, Central Maryland, North Baltimore and South Baltimore — about half of NPC's 393 Wendy's units — will be sold to Flynn, according to an SEC filing. Flynn will also acquire all of NPC’s roughly 925 Pizza Hut units and NPC’s shared service assets, according to a press release. This sale totals about $553 million, according to a court filing. . . . more