Krispy Kreme Sets Plans for Stores in Canada, New England - TheStreet

Krispy Kreme Doughnuts

(KREM)

is pushing farther north with its Southern-fried doughy goodness, signing two joint ventures to expand into eastern Canada and New England.

The Canadian agreement marks the company's first major expansion plan into an international market. Krispy Kreme will own a 34% interest in

Krispy Kreme Doughnuts Eastern Canada

, which will develop 32 stores during six years in Ontario, Quebec and the four provinces of Atlantic Canada.

The company will also move into Massachusetts, Rhode Island and Connecticut. Additionally, Krispy Kreme, based in Winston-Salem, N.C., said Donald Henshall will join the company in February as president of international development.