Scottsdale, Arizona-based franchise company Kahala Brands has announced that it has acquired the California-based Pinkberry frozen yogurt brand. The ten-year-old brand has over 260 locations in 20 countries and Michael Serruya, Chairman, CEO of Kahala Brands said, “We very much look forward to bringing the support services and best practices we have from within Kahala Brands and aligning with the Pinkberry franchisees to help maximize the brand’s potential for continued evolution and success. It’s an excellent strategic fit for our company and presents an exciting opportunity for future development.” Kahala Brands will consolidate the California-based corporate operations and run the franchising platform for the brand from its headquarters in Scottsdale.  The buyer was advised by Levy Capital Partners in connection with this transaction. Kahala Brands is a fast growing franchise company having a portfolio of 18 quick service restaurant brands with approximately 3000 locations in 34 countries. The banners include Cold Stone Creamery, Blimpie, TacoTime, Pinkberry, Samurai Sam's Teriyaki Grill, The Great Steak & Potato Company, NrGize Lifestyle Cafe, Surf City Squeeze, Planet Smoothie, tasti D-lite, Maui Wowi, Johnnie's New York Pizzeria, Cereality, Kahala Coffee Traders, Frullati Cafe & Bakery, Rollerz, Ranch One and America's Taco Shop.

Kahala Brands, 9311 East Via De Ventura, Scottsdale, Arizona 85258 Tel: 480/362-4800 www.kahalabrands.com