Newriders Buys Paisano
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Newriders Inc. said it has received clearance from the Securities and Exchange Commission to acquire closely held Paisano Publications and El Paso Bar-B-Que.
Shareholders of Newport Beach-based Newriders company are expected to vote on the mergers Sept. 22.
In acquiring Agoura-based Paisano, a $34-million diversified publishing, retailing and events management company, Newriders will gain full rights to the name of the Easyriders Cafe restaurants it operates. Paisano publishes motorcycle-oriented magazines such as Easyriders and owns the themed restaurants.
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