Industry News | December 31, 2007

Krispy Kreme To Sell Commissary

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The Associated Press is reporting that Krispy Kreme Doughnuts Inc. disclosed Friday in a SEC filing that it will sell an Illinois-based manufacturing and distribution site to Harlan Bakeries Inc. for $11.8 million. The deal is expected to close by the end of January 2008. According to the AP report,Krispy Kreme intends to use proceeds from the sale to pay down debt.