Covington-based Smoothie King Franchises Inc. is being sold to a South Korean company.
Smoothie King currently has more than 600 units operating in 32 states, the Caymans and the Republic of Korea.
The purchase price was not disclosed in a news release on Monday.
Buyer SK USA Inc. is headed by Chief Executive Officer Wan Kim, a Boston University graduate who opened his first Smoothie King in 2003. Since then Wan's Smoothies Korea has opened more than 100 locations.