Purchase by Greyhound
In 1964, The Greyhound Corporation purchased nearly all the chain's stock from Bob Horne for $14,000,000.[13] Harold L. Lumpkins, controller of much of Horne's stock, said, "This is primary to enable Horne's to expand at a more rapid rate. Greyhound has all the money they need and are looking for diversification and we are looking for expansion."[14] When Horne sold his company, he had 55 restaurants in 15 states.[11] After the purchase by Greyhound, John W. Teets became president of the enterprise.[15] Several years after selling the restaurant chain, Horne would later go on to develop Powder Horn Mountain in Watauga County, North Carolina with his wife, Penny.[11] Greyhound placed Horne's under the Greyhound Food Management, Inc. subsidiary. In 1965 there were 60 Horne's restaurants and six motor lodges.[16] In 1965, Horne's along with "Post House Restaurants", another subsidiary of Greyhound, were serving 275 million meals a year.[17]
After only a few years of ownership, on April 30, 1969, Greyhound sold Horne's to Formco, who owned the "Stand N' Snack" chain.[18] When Stand N' Snack acquired Horne's from Greyhound, the company had 19 franchised motor lodges.[19] After the purchase, the headquarters of Horne's was moved to Topeka, Kansas, but it continued to operate as a separate entity from "Stand N' Snack".[20]
In 1967 the original "Horne's Beauty Rest Cabin" closed, but later reopened as "Bayard Antique Village", which remains open today.[21] In the late 1960s, Horne's expanded into Canada, where three branches were built.[22]
