The two sales would pave the way for NPC to emerge from bankruptcy
NPC International, a major Wendy’s and Pizza Hut franchisee which declared bankruptcy last summer, has agreed to sell its restaurants and other assets to Flynn Restaurant Group and Wendy’s parent company in two separate transactions, NPC said Thursday.
The combined purchase price of the two transactions is around $801 million.
If the sales are approved, Flynn, which already is the country’s largest franchisee in terms of sales, would buy all of NPC’s Pizza Hut locations more than 925 units and around 225 of its approximately 383 Wendy’s units, as well as NPC’s shared services assets.