Deal to close in the third quarter of 2012.
Unique Pizza and Subs Corporation (PINKSHEETS: UPZS) reached an agreement to acquire privately held Pizza Fusion Holdings. The deal is expected to close at the end of the third quarter, at which time Pizza Fusion will become a wholly owned subsidiary of the parent company Unique Pizza and Subs.
Pizza Fusion is an eco-friendly provider of handcrafted, organic and all natural gourmet pizzas that opened the nation's first fast-casual restaurant serving organic pizza, salads, sandwiches and beverages. Pizza Fusion has 21 franchised locations, including 13 in the United States and 8 in Saudi Arabia.