HOUSTON -- A subsidiary of AJP Enterprises Inc. has acquired for an undisclosed amount the assets and liabilities of Hartzog Inc., operator and franchisor of Hartz Fried Chicken restaurants, AJP said Tuesday.
The purchase was part of a reorganization plan submitted by Hartzog, which filed for Chapter 11 bankruptcy and protection from creditors in December 1985.
The Hartzog assets will be operated by Hartz Chicken Inc., a newly formed AJP Enterprises subsidiary.
Hartzog Inc., a privately held company, was established in 1972 by W. Lawrence Hartzog. The company operates 13 company-owned and 32 franchised restaurants in the Houston area and six in Alabama, Georgia and Mississippi.
Hartz Chicken plans to expand the number of both company-owned and franchised locations, AJP said.
Revenues from all 51 restaurants were $25 million in fiscal 1988.
Management of the newly formed Hartz Chicken includes Milton Lambert, president; Paul Morris, executive vice president; David Rogers, vice president-operations; Steve Jasperson, vice president-franchising and assistant secretary; and Jacque York, corporate secretary.
Hartzog will serve as a consultant to the new company, officials said.