Cold Stone parent to pay $190M for Papa Murphy’s

Canada-based MTY Group, the parent of multiple brands including Pinkberry and Cold Stone Creamery, will acquire take-and-bake pizza chain Papa Murphy’s in a deal valued at $190 million. Papa Murphy’s, based in Vancouver, Wash., has about 1,300 units and the deal will give MTY 7,400 locations for its brands worldwide. Read the Restaurant Business online story here

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