Overview
- Consortium Brand Partners is purchasing CPK with partners Convive Brands, Eldridge Industries and Aurify Brands.
- Convive Brands will direct global operations, and Convive CEO Jon Weber will lead the restaurant group.
- Current president Michael Beacham will head the consumer packaged goods business.
- Multiple outlets report a price under $300 million, though the companies have not disclosed terms.
- The sale is expected to close this month as CPK moves forward from its 2020 bankruptcy and a footprint of roughly 120 restaurants worldwide.