Sara Lee Corporation Sara Lee Completes Sale of Majority of North American Foodservice Coffee Operations to the J.M. Smucker ...
04 1월 2012 - 4:00PM
UK Regulatory
TIDMSRL
Sara Lee Corp. (NYSE: SLE) announced today it has completed the
sale of the majority of its North American Foodservice coffee and
tea operations to The J.M. Smucker Company in an all-cash
transaction. The two companies have also entered into a licensing
and support agreement to cooperatively develop liquid coffee
technologies to drive long-term growth. The sale was originally
announced in Oct., 2011.
"The sale of a major part of our North American coffee business
to Smucker is the latest example of CoffeeCo's focus on creating
the strongest possible pure-play company," said Jan Bennink,
executive chairman of the board, Sara Lee Corp. "We look forward to
working with Smucker and to the promising future of our new
independent coffee and tea company."
About Sara Lee Corporation
Sara Lee Corp. (NYSE: SLE) and it's leading portfolio of food
and beverage brands, including Ball Park, Douwe Egberts, Hillshire
Farm, Jimmy Dean, Pickwick Teas, Sara Lee and Senseo, generate
nearly $9 billion in annual net sales from continuing operations
and employ approximately 20,000 people worldwide. In January, 2011,
Sara Lee Corp. announced that it will divide the company into two
pure -play publicly-traded companies, one focused on the
international coffee and tea market and the other on North American
meats. For more information on the company, please visit
www.saralee.com.
Sara Lee CorporationMedia: Mike Cummins,
+1.630.598.8412Analysts: Melissa Napier, +1.630.598.8739
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