site_logo
bannerFranchise News

Krispy Kreme to be Acquired by JAB Holding for $1.35 Billion

Doughnut and coffee icon will continue to be independently operated out of Winston-Salem, N.C. headquarters

By Nick Powills1851 Franchise Publisher
SPONSORED 9:09AM • 05/09/16
In a move to further consolidate its growing coffee portfolio, JAB Holdings Co. will take Krispy Kreme private for $1.35 billion. It’s the second buyout of a U.S. food company by the German investment firm in over two months.

In premarket trading on Monday, shares of Krispy Kreme rose nearly 24 percent to $20.84, which was just below the offer price of $21 per share in cash.

According to a story on Fox Business, JAB Holding has been actively pursuing food, retail and consumer product companies recently including the $13.9 billion acquisition of Keurig, the single serve coffee machine maker. JAB Holding’s coffee division also includes Caribou Coffee Co., Peet's Coffee & Tea, and Danish coffee-bar chain Baresso Coffee A/S.

The deal, which has no financing conditions, is expected to close in the third quarter.

To read the original story, click here.

MORE STORIES LIKE THIS

editorial

Franchise Brokers: Fees and What To Expect

editorial

Scaling a Newly Acquired Brand from Purchase to Profit

editorial

After COVID Forced Him To Sell His Previous Business, This Entrepreneur Found a New Path With a TruBlue Franchise

editorial

Valuing a Franchise Brand: What You Need to Know

NEXT ARTICLE