PHILADELPHIA (AP) — Doughnut-maker Krispy Kreme is buying a majority stake in Philadelphia-based Insomnia Cookies for an undisclosed sum.READ MORE: Triple Shooting At Penn's Landing Leaves 3 Teenagers Injured: Philadelphia Police
The Winston-Salem, North Carolina-based Krispy Kreme made the announcement Friday.
Krispy Kreme CEO Mike Tattersfield says in a statement they are “delighted” to add Insomnia to the company. The late-night bakery specializes in warm cookie deliveries.READ MORE: Philadelphia Weather: Heat Advisory In Effect Until Sunday Evening As Temperatures Hit Record Highs
Seth Berkowitz will remain in charge of Insomnia after the close of the sale later this year.
Berkowitz founded Insomnia Cookies in 2003 when he was a student at the University of Pennsylvania.MORE NEWS: Betts Falls Triple Shy Of Cycle, Leads Dodgers Past Phillies
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