bake - February 2017 - 22

Est. 1993

Gum Paste Flowers

convenience stores reached $1.97

the deal was ﬁrst announced May 9,

billion for the 52 weeks ended Nov. 27,

2016. "We remain focused on our long-

2016, which was up 3.4 percent from

term strategy and continuing to offer our

the previous 52 weeks, according to

premium, high-quality donuts and sweet

Information Resources, Inc., a Chicago-

treats to consumers around the world."

based market research ﬁrm. Over the past
four years, supermarket sales of fresh

Krispy Kreme Doughnuts continued to

donuts have risen by an average of 5.2

focus on limited-time offerings in 2016,

percent a year.

featuring the Zombie donut, the Pumpkin
donut and the Spider Web donut in

Icing, Cookie & Cupcake Decorations
Décor, Mystical & Razzle Dazzle Powders
FDA Approved "Crystal Color Dusts"

Dragees

Acquisitions have two leading donut

October; and the Melted Snowman donut

makers taking different paths. Hostess

and the Santa Belly donut in December.

Brands, Inc., after being acquired by Gores

Also in December, the company intro-

Holdings, Inc., became a publicly traded

duced a Nutty Cocoa Ring donut that is

company. Krispy Kreme Doughnuts, Inc.

dipped in Nutella hazelnut spread, topped

turned into a private company after JAB

with crunchy hazelnut pieces and drizzled

Beech, Inc. acquired it.

with chocolate icing.

Krispy Kreme Doughnuts had 1,133 stores

The future of donut shops

worldwide when the ﬁrst quarter ended

All across America, donut shops are

May 1, 2016, which compared with 1,003 at

ﬂourishing.

the end of the previous year's ﬁrst quarter.
Krispy Kreme stopped trading on the New

"The only thing that slows us down is

York Stock Exchange after JAB Beech,

when people can't get here because of

Inc., an indirect controlled subsidiary of

the weather," notes Bob Kenny, owner of

JAB Holding Co., completed its acquisi-

Doughboy Donuts, which has two loca-

tion of the company on July 27, 2016. The

tions in Reno, Nevada.

portfolio for JAB Holding Co. includes

Foil Cake Drums
Tylose, Ballina Fondant, Gum Paste, Modeling Paste
& Pastillage, Spray Lusters & Edible Lacquer Spray,
Kee-Seal Pastry Bags
Edible Isomalt Gems * Décor, Mystical &
Razzle Dazzle Powders * FDA Approved "Crystal Color
Dusts" * Dragees: Edible & Inedible
Textured Rolling Pins

coffee companies Keurig Green Mountain

Russ DiGilio, founder and owner of

and Jacobs Douwe Egberts. The trans-

Duck Donuts Franchising Company LLC,

action had a total equity value of about

recently announced the expansion of his

$1.35 billion.

donut franchise to the college town of
Knoxville, Tennessee. The Knoxville loca-

"JAB's experience and industry knowledge

tion is the ﬁrst of several franchises slated

make them the ideal partner to help grow

to open in the Volunteer State.

the iconic Krispy Kreme brand throughout

AVALON DECO SUPPLIES, INC.
800-325-3326 · Fax 516-676-6076
www.avalondeco.com

WWW.FACEBOOK.COM/AVALONDECO

info@avalondeco.com

22 < FEB 2017 | bakemag.com

the world," said Tony Thompson, chief

The Knoxville store opened in January,

executive officer of Krispy Kreme, when

offering "warm, delicious and made to
http://www.avalondeco.com http://WWW.FACEBOOK.COM/AVALONDECO
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