By Grant Robertson | The Globe and Mail
U.S. ice cream company Cold Stone Creamery has been acquired by a group of Canadian entrepreneurs with ambitious plans to double the number of locations with partner Tim Hortons Inc.
The Markham, Ont.-based Serruya family bought a controlling interest in Cold Stone’s parent company in an auction. The deal includes a number of fast-food chains, but Cold Stone is the company’s most lucrative asset, owing to its highly visible partnership with the coffee and doughnut chain, with which it shares space at more than 250 stores across Canada and the United States.
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