In a deal valued at an estimated $1.35 billion, JAB Beech Inc. has agreed to acquire Krispy Kreme. At the close of the transaction, Krispy Kreme will be privately owned and will continue to be independently operated from Krispy Kreme’s current headquarters in Winston-Salem, N.C.
According to a release announcing the deal, the transaction is not subject to a financing condition and is expected to close in the third quarter, subject to customary closing conditions, including receipt of regulatory and shareholder approvals.
Krispy Kreme operates more than 1,100 locations in more than 26 countries around the world. JAB Holding Company’s portfolio includes such foodservice-related companies as Peet's Coffee & Tea, Caribou Coffee Company, Einstein Noah Restaurant Group, Inc., and Espresso House, a Scandinavian company.