National + North Carolina + Retail | May 11, 2016

Krispy Kreme Agrees to Sweet Deal

JAB Holding Co., owned by Germany’s Reimann family, has entered into an agreement to buy Krispy Kreme Doughnuts Inc. for approximately $1.3 billion. The deal is JAB’s second in the United States, with the goal of building a global coffee conglomerate to go head-to-head against Nestle SA NESN VX.

JAB led the $13.9 billion buyout of Keurig Green Mountain in March. It already owns the Caribou Coffee and Peet’s Coffee & Tea chains in the United States.

JAB will acquire Krispy Kreme of Winston-Salem, NC through JAB Beech Inc. Krispy Kreme, known for its glazed doughnuts and coffee, will continue operating independently following the deal’s close, which is anticipated during 3Q of this year.

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About Mark El-Rayes

Mark El-Rayes is an award winning designer and photographer from Beirut, Lebanon. El-Rayes has over 15 years in the design industry, 5 years of which he served as a Mass Communication Specialist in the United States Navy at Naval Air Station North Island, Navy Public Affairs Support Element - West (NPASE). El-Rayes is a full-stack developer, seo specialist, photographer, and artist.

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