NPC International Inc., the bankrupt Wendy’s and Pizza Hut franchisee, agreed to sell its restaurants in separate deals worth roughly $800 million involving Flynn Restaurant Group LLC and Wendy’s International LLC, WSJ Pro Bankruptcy reported. NPC, the nation’s largest franchisee of Pizza Hut and Wendy’s restaurants, said yesterday that Flynn will acquire all of its more than 925 Pizza Hut locations, along with roughly half of its nearly 400 Wendy’s sites and substantially all of its shared-service assets. Wendy’s International, meanwhile, will acquire over 190 of NPC’s Wendy’s locations and assign the right to buy the restaurants to five current franchisees, court filings show. Flynn would take over NPC’s Pizza Hut restaurants as well as Wendy’s units in Salt Lake City and parts of Maryland for roughly $553 million. Wendy’s International, along with certain of its franchisees, agreed to acquire Wendy’s restaurants in Pennsylvania; Kansas City, Mo.; Greensboro, N.C.; and Raleigh, N.C., for roughly $248 million, court filings show.
