Ampex Brands completed the acquisition of Au Bon Pain from Panera Bread-backed ABP.

Ampex Brands, an operator of fast-food restaurants and convenience stores, completed the acquisition of Au Bon Pain, an owner and operator of chain of restaurants, from Panera Bread-backed ABP. Financial terms were not disclosed. “We see a solid future for both Au Bon Pain and our broader portfolio. Our QSR brands performed extraordinarily well throughout the pandemic as guests moved to drive-thru. That performance allowed us to diversify and jump on a great opportunity to reposition a legacy brand. The bakery café category will rebound, and Au Bon Pain is well-positioned to grow," Tabbassum Mumtaz, Ampex CEO.