Caribou Coffee's CEO Michael Tattersfield will get another gig to add to his current job: chairman of Einstein Bros. Bagels.
JAB Holding, the company that owns Brooklyn Center-based Caribou, announced Monday it's purchasing Einstein Bros for $364.5 million.
Tattersfield will be the new chairman of Lakewood, Colorado-based Einstein. He will remain based in Brooklyn Center as Caribou's CEO, said a spokesman for JAB.
JAB, a privately-held German investment firm, paid $340 million for Caribou in December 2012. Earlier that year, JAB also purchased Peet's Coffee & Tea for $941 million. JAB also owns stakes in retail companies with premium brands, including cosmetics maker Coty.
Tattersfield became Caribou's CEO in 2008 when it was struggling, and helped get the coffee house chain back on track.
"I have long admired the Einstein Noah Restaurant Group's strong market position and growth potential, and I am looking forward to contributing to the company's continued success," Tattersfield said in a press statement.
