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Business Briefs

January 07, 2007

Shoney's

Royal Hospitality Corp., a company affiliate of Atlanta-based Royal Capital Corp., announced the acquisition of Shoney's Restaurants from Shoney's LLC.

Shoney's owns, operates and franchises 282 Shoney's Restaurants, 52 of which are franchisor-owned and 230 that are franchisee-owned. Terms of the acquisition were not disclosed.

Effective Jan. 1, Royal Hospitality's subsidiary, Shoney's North America Corp., acquired all of the trademarks and rights as Franchisor associated with the Shoney's brand.

The company anticipates completing the acquisition of the 52 franchisor-operated Shoney's Restaurants by the end of January. Shoney's corporate headquarters will remain in Nashville.

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David Davoudpour, founder and CEO of Royal Capital Corp. and Royal Hospitality Corp., assumed the position of chairman and CEO of Shoney's North America Corp. effective Jan. 1.

Save-A-Lot Ltd.

WILLIAMSPORT - Clayco recently completed construction on a freezer expansion to the Save-A-Lot Ltd. distribution center in Williamsport.

The project consists of a 32,000-square-foot expansion to Save-A-Lot's existing facility.

Clayco also modified the interior layout to accommodate new temperature requirements without interrupting operation of nearby refrigerated areas.

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