Spotlight: Newriders to Acquire Restaurant Operator
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Newport Beach-based Newriders Inc. agreed to acquire closely held Paisano Publications, based in Agoura, for an undisclosed price in stock and cash, giving Newriders full rights to the name of the Easyriders Cafe restaurants it operates. Paisano, which has annual revenue of about $38 million, publishes motorcycle-oriented magazines such as Easyriders, owns the themed restaurants and sells motorcycle-related apparel. It also owns clothing stores and motorcycle superstores.
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