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.)
Have information or an opinion about this story? Click here to contact the newsroom.
Copyright WRDW-TV News 12. All rights reserved. This material may not be republished without express written permission.