Triarc

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Arby's is a wholly owned subsidiary of Triarc

Triarc announced the acquisition of Wendy's on April 24, 2008

Triarc Companies, Inc. is a publicly traded holding company, listed on the New York Stock Exchange under the symbol TRY.

Triarc's principal subsidiary, Arby's Restaurant Group, Inc. (ARG), operates as a franchisor of Arby's restaurants and as of December 2007, the company owned and operated 1,106 Arby's restaurants.

The company is also a franchisor of T.J. Cinnamons and the Pasta Connection and owns 243 T.J. Cinnamons outlets and 6 Pasta Connection outlets.

On April 24, 2008, Triarc announced the acquisition of Wendy's, the international fast food company. The transaction is part of the company's strategy to transition from a holding company for varied businesses into a true food and beverage company^[1] Under the terms of the deal announced, the stock swap will go for $2.3 billion.^[2]

[edit] History

Triarc Companies traces its history back to several predecessors, the oldest of which (Deisel-Wemmer Co.) was founded in 1884. The company is based in Atlanta, Georgia. In 1966, Victor Posner took a controlling stake in DWG Corporation, a predecessor of Triarc. In 1984, DWG acquired Royal Crown Cola and Arby's but was forced to sell his position in DWG to financier Nelson Peltz in 1992. Peltz remains a major shareholder and chairman of Triarc. He served as CEO of the company from 1993 through 2007 during which time the company sold several holdings in order to focus on food and beverage operations.

In 1997, Triarc acquired Snapple Beverages from Quaker Oats, which had bought the company from leveraged buyout firm Thomas H. Lee Partners in 1994. Quaker sold Snapple to Triarc for $300 million, a fraction of the price it had paid just three years earlier. Triarc reintroduced Wendy the Snapple Lady (Wendy Kaufman), who had been terminated by Quaker Oats and sold the company to Cadbury Schweppes in 2000 for $1.45 billion.^[3]