Focus Brands completes acquisition of Jamba Juice
Company aquires 800 store locations worldwide
Atlanta-based Focus Brands Inc. (FBI) announced the successful completion of its previously announced tender offer for all of the outstanding shares of common stock of Jamba Inc. Jamba is now a wholly owned subsidiary of FBI.
“We are excited to officially welcome Jamba, a leader in the smoothie and juice category with strong franchise operators and an iconic heritage, into our family of well-known and highly loved ‘fan favorite’ brands,” said Steve DeSutter, chief executive officer of FBI, in a statement. “We look forward to what lies ahead for this great brand, especially the continued growth that will benefit Jamba guests, franchisees and employees.”
Jamba is one of the top smoothie and juice franchisors in the world with a healthier lifestyle brand offering freshly blended whole fruit and vegetable smoothies, bowls, juices, cold-pressed shots, boosts, snacks, and meal replacements, the company says. Jamba Juice has more than 800 locations worldwide.
“The addition of Jamba to the Focus portfolio of brands adds a premium beverage and lifestyle concept to our family of snack and restaurant brands,” DeSutter added. “We look forward to growing this business with existing Jamba franchisees, sharing with our current roster of great franchisees, and introducing the Jamba brand to a new group of entrepreneurs.”
Focus is a developer of global multi-channel foodservice brands. After the Jamba acquisition, Focus, through its affiliate brands, is the franchisor and operator of more than 6,000 restaurants, cafés, ice cream shoppes and bakeries in the United States, the District of Columbia, Puerto Rico and more than 50 foreign countries under the brand names Carvel, Cinnabon, Schlotzsky’s, Moe’s Southwest Grill, Auntie Anne’s, McAlister’s Deli and Jamba Juice, as well as Seattle’s Best Coffee on certain military bases and in certain international markets. BI