Krispy Kreme Doughnuts KKD got some surprising news on Monday when JAB Holding Company announced it was buying Krispy Kreme for $1.35 billion. At $21 per share, the deal represented nearly a 25 percent premium to the market value of Krispy Kreme.
This is not the first time JAB has ventured into the breakfast food and beverage space. Earlier this year, the company announced a $13.9 billion buyout of Keurig Green Mountain Inc GMCR.
What else does JAB own? The company has other stakes in several other coffee brands alone, including Peet’s Coffee and Tea, Caribou Coffee and Einstein Noah.
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Outside of the coffee space, the company invests in a number of other leading consumer goods brands. JAB has a majority stake in Coty Inc COTY, which owns beauty brands line Bourjois Calvin Klein and Marc Jacobs.
JAB Luxury, another holding, includes brands like Jimmy Choo, Bally and Belstaff.
Finally, JAB Holdings has a large stake in RB, owner of the following household brands: Woolite, Vanish, Calgon, Finish, Air Wick, Mortein, Lysol, Dettol Durex, Cillit Bang, Harpic, Veet, Scholl, French’s, Strepsils, Nurofen, Mucinex, Gaviscon and Clearasil.
The buyout news comes as welcome relief for Krispy Kreme shareholders. Even after the huge post-news spike, the stock remains down 1.6 percent in the past year.
Disclosure: the author holds no position in the stocks mentioned.
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