Moonshine Food Venture by restaurateur Vishal Anand acquires Cafe StayWoke

A new chapter begins in the Haldiram story, and it’s a significant as Haldiram's Delhi and Nagpur have merged to form Haldiram Snacks Food Private limited (HSFPL), marking a new chapter in the history of the snack major.

“This isn’t just a merger. It’s a fresh start, a meaningful coming together of legacy, passion, and a shared vision for the future. Where timeless flavours meet bold ideas, and the journey only gets more exciting from here,” shared Krishan Kumar Chutani, CEO, Haldiram’s on a Linkedin post.

Last week, Haldiram’s announced one of the top three investors - Alpha Wave Global, International Holding Company (IHC) and Temasek, aimed at expanding the snacks maker’s presence in international markets, targeting the US and the Middle East to start with.

“We’re taking meaningful steps toward something bigger. From Indian kitchens to global shelves, we’re expanding our reach while staying true to everything that makes Haldiram’s special,” he added further by pointing that for years, the Haldiram name has stood for quality, flavour, and familiarity. 

“With HSFPL, we’re staying true to that—but also taking things further. It’s about keeping what’s special and pushing ourselves to create what’s next,” he mentioned.

Haldiram Snacks Private Limited was led by Manohar Agarwal and Madhu Sudan Agarwal, Haldiram Foods International Private Limited, the Nagpur entity is led by Kamalkumar Agrawal.

Krispy Kreme Doughnuts and JAB Beech Inc has entered into a definitive merger agreement under which JAB Beech will acquire Krispy Kreme for $21 per share in cash, or a total equity value of approximately $1.35 billion.

The agreement, which has been unanimously approved by Krispy Kreme’s Board of Directors, represents a premium of approximately 25 per cent over the Company’s closing stock price on May 6, 2016.

At the close of the transaction, Krispy Kreme will be privately owned and will continue to be independently operated from Krispy Kreme’s current headquarters in Winston-Salem, N.C.

“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,” shared Jim Morgan, Chairman of the Board of Directors of Krispy Kreme.

However, the transaction is not subject to a financing condition and is expected to close in the third quarter, subject to customary closing conditions, including receipt of regulatory and shareholder approvals.

“We look forward to working with JAB to continue bringing the joy that is Krispy Kreme to a growing number of customers. Together with our talented team and our passionate franchisees, we will continue to build on the Krispy Kreme culture, values and commitment to our customers and guests,” added Tony Thompson, CEO of Krispy Kreme.

Commenting on the association, Peter Harf, Senior Partner at JAB, said, “We are thrilled to have such an iconic brand as Krispy Kreme joining the JAB portfolio. This is yet another example of our commitment to investing in extraordinary brands with significant growth prospects. We feel strongly that Krispy Kreme will benefit greatly from our long-term focus and support for management’s vision in building on the legacy of this exciting brand as an independent standalone entity.”