FTC approves Kennywood sale to Spanish operator

The Federal Trade Commission signed off Wednesday on the sale of Kennywood Entertainment, the parent of Kennywood Park, to a Spanish firm.

LastDecember, Kennywood Entertainment said it would sell its amusement park holdings, including Kennywood, Idlewild and Sandcastle, to Parques Reunidos, a company based in Madrid, Spain.

No financial terms have been disclosed.

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A Kennywood spokeswoman, Mary Lou Rosemeyer, said the company would not have an official comment on the deal until it closes, which she said could be June 2.

Parques Reunidos manages 61 amusement, animal and water parks in the United States and Europe, with total annual visitors exceeding 22 million and revenue exceeding $570 million.

The Henninger and McSwigan families have owned Kennywood since 1906.