|
|
Article: Marie Callender's Restaurant & Bakery Announces Purchase by Castle Harlan Partners III, L.P.
- Article from:
- Business Wire
- Article date:
- November 15, 1999
CopyrightCOPYRIGHT 1999 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
ORANGE, Calif.--(BUSINESS WIRE)--Nov. 15, 1999--
Marie Callender's Restaurant & Bakery, America's premier pie maker for more than fifty years, announces today that it has been purchased by Castle Harlan Partners III, L.P. in a transaction valued at $150 million.
BankBoston underwrote senior debt financing of $80 million for the transaction.
"This is such an incredible year for Marie Callender's," said Leonard Dreyer, president and chief executive officer for Marie Callender's, "and this new relationship is the icing on the cake."
"We have continued to experience strong increases in same store sales over last year, recently entered the ...