May 12, 1987
The firm's Orange-based subsidiary, Collins Foodservice Inc., was purchased by Bunzl Distribution USA Inc., the St. Louis-based subsidiary of Bunzl PLC, a publicly held British company with interests in paper products. The price includes a cash payment of $34 million and up to $6 million more during the next three years, Bunzl Vice President Robert G. McGough said. Collins Foodservice has about 500 employees in six distribution centers in three states.
May 4, 1999 |
The founders of Collins Foods International, the worldwide franchiser of Sizzler Restaurants, have given $10 million to Cal Poly Pomona's School of Hotel and Restaurant Management. The money, from Los Angeles residents James and Carol Collins, is the largest individual gift given to the university since it was founded in 1938 on land donated by cereal magnate W.K. Kellogg.
July 8, 1987
Los Angeles-based Collins Foods International said 13 unaffiliated institutional investors, mostly in Western Europe, will buy through private placements, 655,000 shares of common stock at $21.25 per share, or $13.9 million. Collins operates 176 Naugles restaurants and 201 Kentucky Fried Chicken restaurants in the United States. It operates or licenses 553 Sizzler restaurants through a subsidiary.
September 12, 1990 |
In a shift from fast-food fare to sit-down dining, Los Angeles-based Collins Foods International will sell its domestic Kentucky Fried Chicken outlets and beef up its investment in the Sizzler restaurant chain, company officials said Tuesday. Collins will sell its 209 Kentucky Fried Chicken restaurants to soft-drink and fast-food giant Pepsico Inc. in a complicated all-stock deal valued at about $123 million. In addition, Collins will merge with Pepsico in early 1991.
October 21, 1987 |
Senor Naugles has peddled his last taco. Not to mention burrito, tostada and fajitas. Orange-based Naugles next month will say adios to the serape and sombrero-clad huckster who pushes the fast-food chain's wares in television commercials. The fictional character has received his walking papers, partly to spice up lukewarm sales and partly to soothe complaints from two ethnic groups that Senor Naugles--who was portrayed by two Jewish actors--was demeaning to Mexican-Americans.