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Kahala Brands buys Pinkberry

Acquisition gives Kahala 18 quick-service chains

Kahala Brands continued its shopping spree on Monday when it announced the acquisition of Pinkberry, the Santa Monica, Calif.-based frozen yogurt chain.

Terms of the deal were not disclosed, but the purchase gives Scottsdale, Ariz.-based Kahala its fourth new concept this year, following acquisitions of Planet Smoothie, Tasti D-Lite and Maui Wowi.

The 260-unit Pinkberry, founded a decade ago, is widely credited for kicking off the most recent frozen yogurt trend.

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