Krispy Kreme Purchased By European Conglomerate

Krispy Kreme Being Taken Private For $1.35 Billion

Krispy Kreme is being taken private by a unit of private equity firm JAB Holding Co. for $1.35 billion, the companies said on Monday.


For JAB, the Krispy Kreme buy comes months after its $13.9 billion acquisition of Keurig Green Mountain. The European private equity conglomerate also has controlling stakes in coffee chains like Peet’s Coffee & Tea, Caribou Coffee , Espresso House and Jacobs Douwe Egberts and bagel shop Einstein Noah Restaurant Group.


The acquisition has been unanimously approved by Krispy Kreme’s board of directors and is expected to close in the third quarter. The company will continue to operate out of its Winston-Salem, North Carolina headquarters.

Thankfully operations will continue as normal in the U.S.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: