Jack in the Box Inc., based in San Diego, has agreed to sell Del Taco Holdings Inc. to Yadav Enterprises Inc. for $115 million in cash. Jack in the Box acquired Del Taco for $585 million three years ago. The deal is expected to close by January 2026. Jack in the Box stated that the sale is part of its plan to focus on its main brand and simplify its business.
The company plans to use the proceeds from the sale to reduce debt. Yadav Enterprises, based in Fremont, California, operates more than 310 franchise restaurants, including Jack in the Box, Denny’s, and TGI Friday’s. Del Taco has 550 locations. Yadav Enterprises also owns Taco Cabana and Nick the Greek. Jack in the Box said the sale will help strengthen its balance sheet and support a shift to a more…..