Planet Smoothie and Tasti D-Lite acquired by Kahala Brands

Planet Smoothie and Tasti D-Lite were acquired by multi-concept franchisor Kahala Brands, expanding the company’s footprint in the frozen smoothie segment. 

Tasti D-Lite, a frozen-dairy dessert chain, had acquired Planet Smoothie, a frozen smoothie concept, in 2011. Kahala Brands already operates several smoothie chains, among them Surf City Squeeze and NrGize Lifestyle Cafe.

“This purchase expands our smoothie footprint to more than 400 locations and further enables us to satisfy the ever-growing demand from consumers for healthy food options that fit just about every budget," Michael Serruya, CEO of Kahala, said in a statement. 

Kahala will move the acquired chains’ headquarters from Brentwood, Tenn., to the buyer’s home office in Scottsdale, Ariz.

Financial terms of the transaction were not disclosed. 

Members help make our journalism possible. Become a Restaurant Business member today and unlock exclusive benefits, including unlimited access to all of our content. Sign up here.

Multimedia

Exclusive Content

Food

Restaurants can learn some foodservice tricks from supermarkets

State of the Plate: Nancy Kruse, RB’s menu trends columnist, says grocers are stepping up their game, and restaurants need to keep up.

Financing

So you are opening a restaurant in a Walmart? Good luck with that

The Bottom Line: The retail giant is adding regional restaurant chains to its stores, giving them some key exposure. But there are some real drawbacks to pay attention to.

Financing

The FTC signals a tougher stance on franchising, for now

The Bottom Line: The agency’s comments last week represented some of its toughest regulatory moves on franchising in years. But the election might have a say in it.

Trending

More from our partners