US-based NPC has signed an agreement to purchase 35 Wendy’s restaurants for $29.2m.

NPC also recently agreed to acquire four restaurants built by Wendy’s for $7.4m, increasing the total number of restaurants to be acquired to 39.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Under the terms of the deal, NPC plans to remodel a number of acquired and existing restaurants in Wendy’s new Image Activation format.

"This highly coveted market will leverage our existing Wendy’s infrastructure and is contiguous with our current Winston-Salem and Greensboro Wendy’s operations."

This purchase is part of The Wendy’s Company’s System Optimisation initiative to reduce the company-operated restaurant ownership to approximately 5% of the total system.

The acquisition will be funded with available cash on hand.

See Also:

Located in the Raleigh-Durham metropolitan area, the acquired restaurants will be owned and operated by NPC Quality Burgers.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

NPC International chairman and CEO Jim Schwartz said: "This highly coveted market will leverage our existing Wendy’s infrastructure and is contiguous with our current Winston-Salem and Greensboro Wendy’s operations.

"This acquisition will be our fifth acquisition in the Wendy’s system since 2013, and will increase our holdings to 183 restaurants with revenues exceeding $260m, or approximately 22% of our total consolidated revenues."