Auntie Anne's to be sold to Ga.-based business

By: Associated Press Email
By: Associated Press Email

Friday, October 8, 2010

LANCASTER, Pa. -- Auntie Anne's, the Pennsylvania company that grew from a one person rolling pretzels to a global snack stand, is being sold to Focus Brands.

WGAL reports that the company confirmed Thursday night that it will be sold to Atlanta-based Focus Brands, an affiliate of the equity firm Roark Capital Group, with the deal expected to be finalized next month. A purchase price was not disclosed.

There was no immediate word if any of the company's 220 full-time and 119 part-time employees would be affected.

Lancaster-based Auntie Anne's says it is the world's largest franchiser of hand-rolled soft pretzels with more than 1,000 locations worldwide.

(Copyright 2010 by The Associated Press. All Rights Reserved.)


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