News: Kennywood Ent. buys Story Land in Glen, NH

Posted at 7:00 PM EDT (2300 GMT)

May. 1st, 2007 -- Kennywood Entertainment will soon be the new owners of the New Hampshire theme park Story Land.

In June 2007 the park's founding company, the Morell Corporation, will shut down and make way for Kennywood Entertainment. President, Nancy L. Morrell announced the sale May 1.

"From Story Land's standpoint, we view this more as a marriage into a larger family of theme parks, than a sale," said Nancy Morrell. "We evaluated a number of options to ensure the long-term success of the park that my parents and my brother dedicated so much of their lives to, and believe Kennywood provides the best opportunity to preserve their theme park legacy. We're honored that Kennywood considers us a good fit."