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 NEW YORK (AP) - Ice cream maker Cold Stone Creamery and fast-food operator Kahala Corp. will combine to form a holding company they hope will be able to compete with private equity firms for a greater share of the fast-food sector.
The 13 brands under the new Kahala Cold Stone umbrella will include submarine sandwich shop Blimpie, cheesesteak chain The Great Steak & Potato Co., chicken sandwich maker Ranch 1 and Mexican fast-food chain Taco Time, among others.
The privately held companies didn't disclose terms.
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