Newly merged Kahala-Cold Stone buys independent Blimpie franchisor in N.Y.

SCOTTSDALE ARIZ. Cold Stone Creamery consolidated to form a “world-class brand-building company,” the $1.2 billion entity wasted little time making its first strategic purchase. —Barely a week after multibrand franchisor Kahala Corp. and ice cream chain

The newly named Kahala-Cold Stone strengthened its Blimpie Subs & Salads chain by acquiring the assets of Metropolitan Blimpie Inc. and Blimpie