National fast food chain Del Taco will soon have a new owner. On Thursday, San Diego-based Jack in the Box announced it has sold Del Taco Holdings Inc . to Yadav Enterprises Inc. for $115 million in cash.

Del Taco started in California in 1964 and has grown over the past 60 years to include more than 550 restaurants. The company was sold to Jack in the Box in 2022 for approximately $585 million.

Del Taco Holdings currently operates and franchises more than 550 Del Taco restaurants across the U.S. The sale comes as Jack in the Box continues its own efforts to reduce costs and return the company "to a simpler, asset-light business model."

“This divestiture is an important step in returning to simplicity, and we look forward to focusing on our core Jack in the Box brand,” said Jack in

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