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Private-equity firm Centerbridge Capital Partners LP has purchased Rock Bottom Restaurants Inc., the owner of Old Chicago and Rock Bottom, as well as Gordon Biersch Brewery Restaurant Group Inc., the owner of the Gordon Biersch chain.
Johnsonville Sausage CEO Ralph C. Stayer will retire and be succeeded by former Oscar Mayer president Nick Meriggioli, the company announced Saturday morning. Stayer has served as CEO of the privately-owned Sheboygan Falls company since 1968.