News

79-year-old Krispy Kreme brand in new, private hands

July 28, 2016

The sale of the iconic Krispy Kreme Doughnuts brand to JAB Beech Inc is complete, following a special shareholder meeting and vote on the action, which was first announced in May. At that time, the value of the deal was pegged at $1.35 billion, according to a company news release, which failed to specify the final price paid. 

Krispy Kreme shareholders will receive $21 for every share they own of the stock, which is no longer trading on the New York Stock Exchange as of the sale's completion. 

The North Carolina-based Krispy Kreme company was founded in 1937, but now includes more than 1,100 shops in more than 26 countries. JAB Beech Inc is a subsidiary of JAB Holding Company, a privately consumer goods investment group that also owns controlling stakes in coffee brands like Keurig Green Mountain, Jacobs Douwe Egberts, Peet's Coffee & Tea, and Caribou Coffee Company, a well as the Einstein Noah Restaurant Group and Espresso House.