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May 9, 2016, 10:01 a.m. EDT

Krispy Kreme to be acquired by JAB for $1.35 billion

JAB bought Keurig Green Mountain in late 2015

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By Tess Stynes

By Tess Stynes


AFP/Getty Images

Krispy Kreme Doughnuts Inc. agreed to be acquired by a unit of JAB Holding Co. for about $1.35 billion, a deal that would take the doughnut maker private.

It is the latest in a series of deals for JAB Holding, which has been aggressively buying up food, retail and consumer products companies in recent years, including its roughly $13.9 billion acquisition of single-serve coffee machine maker Keurig Green Mountain in late 2015.

JAB Holding is offering $21 a share for the doughnut company, a 25% premium to Krispy Kreme’s   Friday close.

In a news release Monday, the companies said Krispy Kreme will continue to be independently operated from its current headquarters in Winston-Salem, N.C. Coffee has been a key theme for JAB Holding. The company has been buying up coffee makers and coffee chains all over the world including Caribou Coffee Co., Peet’s Coffee & Tea, and Danish coffee-bar chain Baresso Coffee A/S.

An expanded version of this report appears at WSJ.com.

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