Ampex Brands, a Yum! Brands Inc. and 7-Eleven franchisee with more than 400 restaurants and convenience stores, announced it acquired Au Bon Pain from ABP Corporation, a subsidiary of Panera Bread. The deal was finalized on June 29.
Au Bon Pain’s 171 locations will join the Ampex Brands family and increase the company’s revenue by approximately 10 percent annually. The acquisition also grants Ampex franchising rights to an additional 131 locations.