Kennywood, Lake Compounce, Idlewild sold to Spanish firm

Posted | Contributed by Toveck

Kennywood and Lake Compounce are being sold. The families that own the Kennywood Entertainment parks have agreed to sell the parks and other holdings to the Spanish-based company Parques Reunidos. The company owns amusement parks throughout Europe and entered the U.S. market this year by purchasing water parks. The companies expect to close on the deal in March.