Six Flags Leisure Company says its merger with Cedar Truthful Leisure Firm has now fashioned the “largest” amusement park operator in North America, with a brand new mixed portfolio of 42 parks throughout the U.S., Canada and Mexico.
The merger, which was accomplished Monday, places the estimated worth of the corporate at $8 billion and “brings collectively the strengths of each firms, combining Cedar Truthful’s repute for delivering distinctive visitor experiences with Six Flags’ progressive experience and attraction designs,” in keeping with an announcement from Six Flags Leisure Company.
“Our enhanced monetary flexibility will allow us to spend money on new rides, sights, meals and beverage choices, and state-of-the-art client applied sciences,” it added. “These investments are designed to develop attendance, enhance per capita spending and improve profitability, guaranteeing that every go to to our parks is extra thrilling and memorable than the final.”
Cedar Truthful, previous to the merger, mentioned it operated 11 regional amusement parks, 4 water parks and two sports activities locations. These included Cedar Level in Sandusky, Ohio – a curler coaster fanatic vacation spot – Dorney Park in Pennsylvania, Kings Dominion in Virginia and Knott’s Berry Farm in California, amongst others.
Six Flags is merging with Cedar Truthful to create the most important amusement park firm in North America. AFP by way of Getty Pictures
Cedar Truthful, previous to the merger, mentioned it operated 11 regional amusement parks, 4 water parks and two sports activities locations. AP
Six Flags Leisure Company says Richard Zimmerman, the president and CEO of Cedar Truthful, will carry over his position to the brand new mixed firm, whereas Six Flags president and CEO Selim Bassoul will grow to be the manager chairman of its Board of Administrators.
The corporate additionally says it can commerce below the ticker image FUN on the New York Inventory Alternate and can be headquartered in Charlotte, North Carolina, “with important finance and administrative operations maintained in Sandusky, Ohio.”
Collectively, it added that its mixed park portfolio “permits us to achieve extra friends than ever earlier than, providing distinctive and immersive experiences that cater to all ages and leisure preferences.”