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.”