The Owners of Some Elite Coffee Companies Just Spent a Billion Dollars on Krispy Kreme Doughnuts

By FWx Editors |

© Newscast / Alamy

Those beloved warm doughnuts straight off the assembly line have new owners and they are German billionaires. Krispy Kreme, the North Carolina-based doughnut chain famous for sticky, airy glazed doughnuts, retro paper hats and possibly being better than Dunkin’ Donuts, agreed to a deal with JAB Holdings, a private holding company controlled by the Reimann family for a buyout worth 1.35 billion dollars. JAB has assembled a bit of a breakfast empire at this point as they also own the Keurig Green Mountain, Stumptown, Caribou, Peet’s and Intelligentsia coffee companies.

What exactly this could mean Krispy Kreme isn’t totally clear. According to a statement from the Doughnut giant, the company will continue to operate independently out of their Winston-Salem headquarters, so we’ll have to wait and see what, if anything, will change about the entire doughnut experience. Maybe they can get some Stumptown or Intelligentsia coffee to go with those doughnuts. That would certainly beat the hell out of a Dunkin’ Donuts Coolata (sorry Coolata lovers, but you know that’s true).

Related: 11 Best Indie Coffee Shops in America

[h/t Quartz]