KBP Brands Adds KFC, Sonic Units, Plus More Bold Deals

KBP Brands added 28 KFCs to its portfolio in North Carolina from Scottish Food Systems, and it bought 13 more from Cary, North Carolina-based Luihn Vantage Partners. KBP Brands also acquired 85 Sonic restaurants in Delaware, Georgia, Kentucky, North Carolina, South Carolina and Virginia. The purchase brings KBP’s restaurant portfolio, which includes KFC, Taco Bell and Arby’s, to more than 1,000 restaurants in 32 states and is expected to increase annual company revenue to more than $1.5 billion. KBP employs more than 21,000 workers in its restaurants and Kansas City-area headquarters. Mark Everett, the executive vice president of KBP, will lead operations and growth for KBP’s Sonic locations.

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