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.


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