JAB, the German Reimann family’s investment fund and particularly well-known in the coffee industry, has paid 1.35 billion dollars (1.2 billion euro) to acquire American donut chain Krispy Kreme.
More than 1,100 stores
There are no Dutch or Belgian Krispy Kreme stores yet, but the chain has more than 1,100 stores across 26 countries right now. Its 2015 turnover reached 519 million dollars (460 million euro), with a 32 million dollar (28 million euro) net profit. It decided to go public in 2000, but now returns to a single owner. It is unclear whether JAB has any further expansion plans for Krispy Kreme.
Over the past few years, investment fund JAB gained notoriety for its consolidation tactics in the coffee industry. It acquired Mondelez’ coffee division and merged it with a previous acquisition, Douwe Egberts. The resulting company, Jacobs Douwe Egberts, is now the second largest company in the world. JAB also owns brands like Durex and Calgon.
