Legacy Brands International Acquires Brix Holdings, Gaining Control of Friendly's and Other Brands

Deal Summary

Legacy Brands International, led by CEO Amol Kohli, completed the acquisition of Brix Holdings from Jamco Interests and founder John Antioco for under $50 million. The deal gives Legacy Brands control of Friendly's and several other restaurant and dessert brands, marking a new ownership era for the struggling chain.