Coffee

Krispy Kreme, JAB Holding Company
Leoneda Inge

A German conglomerate is buying Winston-Salem-based Krispy Kreme Doughnuts in a billion dollar deal that will take the company private.

JAB Holding Company is buying Krispy Kreme for about $1.35 billion. Several experts say it’s a sweet deal. The German conglomerate is paying $21 a share, a 25% premium over what Krispy Kreme was worth at market close on Friday.

Lem Butler (left) of Counter Culture Coffee and Robbie Roberts (right) of Joe Van Gogh pose for a photo with WUNC Morning Edition Host Eric Hodge.
WUNC

Coffee baristas and roasters across the East Coast are in Durham for a three-day regional competition that begins today. 

Competitors will make cappuccinos and come up with signature drinks. 

Lem Butler works for Counter Culture Coffee, the company hosting the competition.  He's also a former barista champ.  He said this weekend's events are really about taking care of the customer.