Inspire Brands to buy Dunkin' Donut for $8.8 billion

US-based Inspire Brands that owns Arby’s Restaurant announced that it is buying Dunkin' Brands, owner of the Dunkin' donuts and Baskin-Robbins ice cream chains.

The deal will happen for $8.8 billion.

Including debt, the transaction will rise to $11.3 billion, shared a statement.

Started in 1950 in Massachusetts, Dunkin is known for its variety of donuts as well as its coffee and breakfast sandwiches. Whereas, Baskin-Robbins is famous for its 31 flavors of ice creams.

Also Read: Dunkin’ Donuts to permanently shut 800 outlets in the US

The two brands account for more than 20,000 distribution points in more than 60 countries.

A former subsidiary of the Allied Domecq group, Dunkin' Brands was bought by the French wine and spirits group Pernod Ricard in 2005 and sold a year later for $2.4 billion to three investment funds: Bain Capital, Carlyle and Thomas H. Lee.

By adding Dunkin', Inspire Brands will have a total of more than 31,600 restaurants, with combined sales of $26 billion and 600,000 employees.

Inspire Brands was founded in 2018 under the umbrella of private equity firm Roark Capital.

Inspire also owns the Arby's, Buffalo Wild Wings, Sonic Drive-In and Jimmy John's restaurant chains.