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Nathan's Famous sells NF Roasters Corp.
April 28, 2008
WESTBURY, N.Y. — Nathan's Famous Inc. has announced the sale of its subsidiary, NF Roasters Corp., to Roasters Asia Pacific (Cayman) Ltd, its master developer of franchised Kenny Rogers Roasters restaurants in Malaysia and certain other foreign territories. The purchase price was approximately $4 million in cash plus certain accruals.
In connection with the sale, NF Roasters Corp. entered into a license agreement with a subsidiary of Nathan's, to enable the continue availability of "Kenny Rogers" products at existing Nathan's Famous and Miami Subs restaurants.
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