ATLANTA — Focus Brands Inc. has entered into a definitive agreement to acquire Jamba, Inc. for approximately $200 million. The transaction will add Jamba Juice to Focus Brands’ portfolio of restaurant companies, which includes Carvel, Cinnabon, Schlotszky’s, Moe’s Southwest Grill, Auntie Anne’s and McAlister’s Deli.
“Benefiting from an extremely loyal customer base and strong franchise operators, Jamba Juice is one of the category leaders in the fast-growing smoothie and juice category,” said Steve DeSutter, chief executive officer of Focus Brands. “We are excited to welcome Jamba Juice with such an iconic heritage into our family of well-known and highly loved ‘fan favorite’ brands.”
Jamba Juice offers blended whole fruit and vegetable smoothies, bowls, juices, cold-pressed shots, boosts, snacks and meal replacements that are free of artificial flavors and preservatives. Jamba Juice operates more than 800 locations worldwide.
“We are delighted to have reached this agreement with Focus Brands and are confident that it will result in a positive outcome for our guests, our franchisees and our employees,” said Dave Pace, c.e.o. of Jamba. “Over the last few years, we have worked hard to strengthen our foundation and reposition this iconic brand for the future. Partnering with Focus Brands will allow us to build on this work and further accelerate the company’s growth.”