Newspaper article International New York Times

Acquisition of Krispy Kreme Adds to Coffee Empire

Newspaper article International New York Times

Acquisition of Krispy Kreme Adds to Coffee Empire

Article excerpt

JAB Holding, which has been on an acquisition spree, owns several coffee chains, including Peet's and Keurig Green Mountain.

A German billionaire family has been on a breakfast buying binge. The newest item on its plate: doughnuts.

The board of Krispy Kreme, best known for its warm glazed doughnuts, has agreed to an acquisition by JAB Holding Company and a minority investor, BDT Capital Partners, for $1.35 billion, it said on Monday. JAB is the investment arm of the Reimann family, the heirs to the German consumer goods conglomerate Joh. A. Benckiser.

Its subsidiary, JAB Beech, plans to add the company's doughnuts to its other quick-serve American breakfast staples, including several coffee chains and a bagel company. In recent years, JAB has acquired the parent company of Einstein Brothers Bagels, as well as Peet's Coffee & Tea, Stumptown Coffee Roasters, and Caribou Coffee. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.