JAB Holding Co.'s growing expansion is kicking into high gear.
On Wednesday, the companies announced that JAB will buy Panera for $315 a share in a deal worth roughly $7.5 billion, taking the salad and sandwich chain private. The purchase price represents a 30% premium to Panera's 30-day average stock price as of March 31, the last trading day before rumors began to circulate that the company was close to making a deal.
The Panera acquisition brought JAB into the spotlight this morning but the company has been expanding its reach on the sidelines for some years now. Notable takeovers include its $13.9 billion buy of coffee pod maker Keurig Green Mountain (2015), its $1.35 billion purchase of doughnut maker Krispy Kreme (2016) and its $973.9 million acquisition of coffee brand Peet's Coffee & Tea (2012), not to mention that it owns beauty company Coty (COTY) .
With merger and acquisition activity anticipated to kick up further in 2017 within the restaurant industry, it's likely JAB's takeover of Panera won't be its final act.
As KeyBanc Capital Markets recently noted, the restaurant industry is "ripe for consolidation."
Here are three food brands JAB may be drawn to in the future.