The Luxembourg-based investment firm, which also owns Keurig and shares in Einstein Bros. Bagels and high-end shoe retailer Jimmy Choo, purchased the doughnut company in a deal worth an estimated $1.35 billion.
A senior partner at JAB said that the acquisition is part of the company's strategy to invest in brands with "significant growth prospects," the Associated Press reported.
Krispy Kreme's stock rose $4.06, more than 24 percent, to $20.92 on Monday afternoon. JAB will pay for each share of Krispy Kreme Doughnuts Inc., with a plan to close the deal in the third quarter this year.
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Krispy Kreme said in March that it planned to open at least 120 new international locations and about 30 new shops domestically.
Krispy Kreme permanently closed its only Dayton-area doughnut shop at 2001 E. Dorothy Lane in Kettering on Jan. 31.
There are no other Krispy Kreme locations in the Dayton area, however. The company operates a retail doughnut shop in Anderson Twp. in the Cincinnati area and three locations in the Columbus area, the manager said.
The Kettering store opened in 1999.
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