Noodles & Co. Sold to Investors
Noodles & Co., the Broomfield, Colorado-based noodle fast-casual, has been acquired by an investment group that's led by Catterton Partners.
The financial terms of the acquisition were not disclosed, however, Catterton Partners has invested in foodservice brands including P.F. Changs, Baja Fresh, and Odwalla.
It is not known how the change will affect franchisees of the company's 250 restaurants nationwide, but CEO, president, and chairman Kevin Reddy will stay with the company, officials said in a statement yesterday.
Noodles & Company was founded in Boulder in 1995 and moved its headquarters to Broomfield in 2006.Catterton Partners is based in Grennwich, Connecticut.