JAB Beech has completed its acquisition of Krispy Kreme for $1.4bn.

JAB Beech, an investment company, has completed its acquisition of Krispy Kreme, a leading branded speciality retailer and wholesaler of premium-quality sweet treats, for $1.4bn. “For nearly 80 years, our iconic brand has been touching and enhancing lives through the joy that is Krispy Kreme. This transaction puts us in the best possible position to continue to spread that joy to a growing number of people around the world while delivering significant value to Krispy Kreme shareholders. I am confident the JAB team is the right partner with whom to continue building upon our incredible legacy.” Jim Morgan, Krispy Kreme Chairman of the Board.