Wetzel’s Pretzels Announces Sale of Company

September 6, 2016

Wetzel’s Pretzels
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Wetzel’s Pretzels currently operates more than 300 company-owned and franchise locations in 28 states and six countries.
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Wetzel’s CEO, Bill Phelps, will remain in his current role.
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Wetzel’s Pretzels, the innovator in the fresh-baked pretzel category, announced Tuesday that CenterOak Partners, a leading Dallas-based private equity group with significant consumer brand, business service and industrial sector holdings, has purchased a majority stake in the company. Wetzel’s CEO, Bill Phelps, will remain in his current role, with co-founder Rick Wetzel retaining a seat on the company’s board of directors.