The Steak n Shake Co.’s announcement this morning that it plans to purchase Western Sizzlin Corp. for about $23 million puts the Indianapolis restaurant company back in the steakhouse business for the first time since exiting it nearly a decade ago.In 2000, the company — then known as Consolidated Products Inc. — sold off its 11 Colorado Steakhouses in order to focus on its core Steak n Shake business.
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