Baja Fresh buys La Salsa

CARPINTERIA Calif. CKE Restaurants Inc. said late Tuesday it had agreed to sell its 96-unit La Salsa Fresh Mexican Grill chain to Baja Fresh Mexican Grill, the 292-unit competitor led by David Kim and M Plus Capital.

Under the deal, CKE's Santa Barbara Restaurant Group subsidiary would sell its wholly owned La Salsa Inc. and La Salsa of Nevada Inc. Terms were not disclosed, but CKE, based here, said the sale is expected to close by the end of June.