News
Church's Chicken sale final
August 10, 2009
The sale of Church's Chicken to San Francisco-based private equity firm Friedman Fleischer & Lowe LLC (FFL) for an undisclosed amount is now complete, the company has announced. Church's Chicken was formerly owned by Arcapita Bank B.S.C., a leading international investment firm headquartered in Bahrain.
FFL and Arcapita announced the signing of a definitive agreement to sell Church's in June.
"Now that the transaction is official, the Church's management team welcomes the opportunity to work closely with the team at FFL to explore new opportunities for the brand," said Harsha V. Agadi, president and CEO of Church's Chicken. "We look forward to further mapping out our long-term growth plans both internationally and domestically with this highly capable and experienced investor team."
Church's Chicken has more than 1,650 locations in 22 countries and serves traditional home-style fried chicken and other popular chicken products. The fried chicken concept operates under two brands worldwide: Church's Chicken and Texas Chicken.
Related Media
Subscribe
Get the latest news and resources from QSR Web.
