NEW YORK — Krispy Kreme shareholders got a caffeine boost after coffee giant JAB Beech said Monday it is acquiring the doughnut chain.
The Luxembourg-based investment firm, which owns Keurig Green Mountain, Peet’s Coffee & Tea and Caribou Coffee, said it is taking the North Carolina doughnut company private in a deal worth about $1.35 billion.
Krispy Kreme’s stock soared more than 24 percent, closing at $20.96, up $4.10.
The deal comes after an affiliate of JAB Holdings recently added to its coffee empire with the acquisition of Keurig, which makes single-cup coffee machines that sit on countertops. JAB Holdings, which is predominantly owned by the Reimann family in Europe, also has stakes in Jacobs Douwe Egberts, the company behind Gevalia, Tassio and other brands.
Outside of coffee, JAB Holdings has stakes in bagel shop operator Einstein Noah, beauty products maker Coty and high-end shoe seller Jimmy Choo.