This article is only available to Business Times subscribers Subscribers: LOG IN or REGISTER for complete digital access. Not a Subscriber? SUBSCRIBE for full access to our weekly newspaper, online edition and Book of Lists. Check the STATUS of your Subscription Account.
Carpinteria is made up of just seven square miles and about 14,000 residents, yet companies including Agilent Technologies subsidiary Dako, silicone manufacturer Nusil and restaurant management firm CKE all call it home.
Recent deals in Carpinteria could help the city’s stagnant office market turn the corner.
CKE Restaurants, the parent company of fast-food chains Carl’s Jr. and Hardee’s, is again downsizing the footprint at its Carpinteria headquarters and moving some employees to its Anaheim offices. CKE’s lease at the building at 6307 Carpinteria Ave. expires in March 2015 and the company is currently negotiating for an extension of a smaller space, Read More →
CKE will join Roark affiliated companies, which include Arby’s, Cinnabon, Carvel, Wingstop, Corner Bakery and a number of others. “The cultural match is very positive, and we look forward to taking full advantage of their experience and expertise in the restaurant segment,” CKE chief executive Andy Puzder told the Business Times.
CKE Restaurants, the Carpinteria-based parent of Carls Jr. and Hardees, has been sold to an Atlanta private equity firm specializing in restaurant chains.
The price was not disclosed and the sale to an affiliate of Roark Capital Group comes five months after Apollo Global Management hired Goldman Sachs to explore a sale or spinoff of the company it purchased in 2010.
This is turning out to be a tough time for some of the region’s biggest names in fashion, fast food and financial services.