Until last year, Sten Corp. from Minnesota only operated a medical device company. Last year, the company purchased the assets of a burger franchise, Burger Time out of North Dakota. It then sold off one of its medical device maufacturing units. Today, the company announced that it will purchase another burger franchise company called "Hot 'n' Now" out of a bankruptcy proceeding in Michigan. The terms were not announced. There are currently 15 Hot 'n' Now franchises all operating in Michigan. In addition to the burger division, Sten still operates a company that provides emergency oxygen services and equipment.
Posted by franchiselawblog at March 3, 2005 03:14 PM