A German billionaire family has been on a breakfast buying binge. The newest item on its plate: doughnuts.

The board of Krispy Kreme, best known for its warm glazed doughnuts, agreed to the company’s acquisition by JAB Holding Company and a minority investor, BDT Capital Partners, for $1.35 billion, it announced on Monday. JAB is the investment arm of the Reimann family, the heirs to the German consumer goods conglomerate Joh. A. Benckiser.

Its subsidiary, JAB Beech, plans to add the company’s doughnuts to its other quick-serve American breakfast staples, including several coffee chains and a bagel company. In recent years, JAB has acquired the parent company of Einstein Brothers Bagels, as well as Peet’s Coffee & Tea, Stumptown Coffee Roasters and Caribou Coffee. In December, JAB acquired Keurig Green Mountain for $13.9 billion, its biggest bet yet in building its coffee empire.

Krispy Kreme, founded almost 80 years ago, is most famous for its glazed doughnut, but it also sells a wide assortment of other flavors such as lemon-filled and sour cream. More recently, the company has made coffee a priority with new offerings and promotions.