Friday, November 27, 2015   


 ECONOMIC REPORT -- by Robin Ashton


In Memoriam: Henny Penny’s Jack Cobb
Jack Cobb, the former owner and long-time president and CEO of Henny Penny Corp., died November 20. He was 83. When he joined Henny Penny in 1959, Cobb was the Eaton, Ohio, manufacturer’s fourth employee. By 1970, he was vice... »

Tech-24 Acquires Service Solutions Group From Franke
Tech-24, the Greenville, S.C., commercial foodservice equipment repair firm, has acquired Service Solutions Group, the foodservice equipment repair company owned by Franke Foodservice Systems. With this acquisition,... »

Unified Brands Names Edwards To Oversee Chain Accounts; Franks To Helm CapKold
Unified Brands has elevated company veteran Alex Edwards to Director of Sales-Chain Accounts. In his new role, Edwards’ responsibilities will include overseeing the growth of the Conyers, Ga., company’s chain foodservice segment,... »

Irinox Appoints New President
Ronald van Bakergem has been named the new President of Irinox USA. Van Bakergem, who has worked in the U.S. foodservice industry for about seven years, joins Irinox from Miami-based Infrico USA, where he was G.M. Infrico... »

People On The Move:
Champion Industries/Ali Group has tapped Brent Blanton as its new National Service Manager. Blanton will replace Gary Tuttle, who is retiring from the position at the end of 2015 after 44 years with the Winston-Salem, N.C.,... »

New Owners For Houlihan’s Restaurants
York Capital Management has signed a definitive agreement to buy the parent company of Houlihan’s Restaurants, the Leawood, Kan.-based chain, from a subsidiary of Goldner Hawn Johnson & Morrison. Terms were not disclosed, but... »

Quaker Steak Acquired By TravelCenters Of America
TravelCenters of America has purchased Quaker Steak & Lube’s restaurants and related assets for approximately $25 million. Founded in 1974 in Sharon, Pa., Quaker Steak & Lube has more than 50 locations across... »

McDonald's Won't Spin Off Real-Estate Holdings
On the heels of its first strong quarter in two years, McDonald’s said at its Nov. 10 investor conference in New York that it will accelerate cost cuts and boost sales of restaurants to franchisees. But CEO Steve Easterbrook put... »

Marriott Int’l. Buys Starwood
Last week’s announcement that Marriott Int’l. has bought Starwood Hotels & Resorts Worldwide has created the world’s largest hotel company. The $12.2 billion merger will see Marriott operate more than 5,500 hotels across 30... »


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This issue's content compiled and written by Robin Ashton, publisher, and Jan Sellers Ashton, news editor. This issue edited by Jan Sellers Ashton.

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