US: JAB Acquires Krispy Kreme In $1.35bn Deal

Investment vehicle JAB has agreed to a $1.35bn deal that will see it acquire Krispy Kreme, as part of its ambitious plans for the global coffee market.

The vehicle, owned by the German Reimann family, has been on an acquisition spree in recent years, snapping up companies such as Keurig Green Mountain, Peet’s Coffee & Tea, Caribou Coffee, and Stumptown Coffee Roasters.

JAB said the Krispy Kreme deal is “yet another example of our commitment to investing in extraordinary brands with significant growth prospects”.  It did not offer any plans about the future of the chain.