Hostess Brands Inc. has agreed to sell its Superior Cake Products Inc. in-store bakery business to Sara Lee Frozen Bakery for $65 million in cash, subject to post-closing adjustments. This would be the first acquisition for year-old Sara Lee Frozen Bakery. The transaction is expected to close during the third quarter. “This acquisition accelerates Sara Lee Frozen Bakery’s strategic goal… Read more »
Sara Lee Frozen Bakery has opened a 10,000-square-foot research and development innovation center and test kitchen in its Oakbrook Terrace headquarters, the company announced Monday. The Kitchens of Sara Lee facility will focus on the innovation and expansion of new flavors and product lines. The innovation center features a fully equipped test kitchen, lab, storage and presentation space and is… Read more »
Kohlberg & Company has completed its acquisition of Tyson Foods’ frozen bakery business, including the Sara Lee, Van’s, Chef Pierre and Bistro Collection brands. The new business will encompass all four brands and be called Sara Lee Frozen Bakery. Sara Lee Frozen Bakery will be based in Oakbrook Terrace and continue operations at two manufacturing facilities in Traverse City, Mich.,… Read more »
Sara Lee, makers of bread, buns, rolls and breakfast products, has launched its first-ever, bakery-inspired bread, Artesano. Artesano bread is now available in grocery stores and major food retailers nationwide, just in time for April’s National Grilled Cheese Month and National Grilled Cheese Day on April 12. Sara Lee Artesano bread is the newest addition to the Sara Lee bread… Read more »
After encountering numerous difficulties in 2014 in its U.S. business, prospects for Grupo Bimbo S.A.B. de C.V. in the United States have improved considerably, said Daniel J. Servitje, president and chief executive officer. Speaking to investment analysts Feb. 27, Mr. Servitje was hopeful both because of external market conditions and because of steps the company has taken to better position… Read more »
Sara Lee announced an agreement to sell its fresh bakery businesses in Spain and Portugal to Mexico´s Grupo Bimbo. The agreement includes all Sara Lee fresh bakery brands in Spain and Portugal as well as seven manufacturing facilities.
Sara Lee Corporation announced that its board of directors has agreed to appoint Jan Bennink, executive chairman of Sara Lee, as the chairman of the board of «CoffeeCo». This appointment will take effect after the planned spin-off of Sara Lee´s international coffee and tea business is completed in the first half of calendar 2012.
Sara Lee’s board of directors has agreed in principle to divide the company into two separate, publicly traded entities.
Mexican bakery giant Grupo Bimbo acquired Sara Lee’s North American fresh bakery business for $959 million.
Despite mounting speculation that Sara Lee Corp. is exploring the sale of its fresh baking business, a Wall Street analyst whose comments in May helped spur the speculation warned that “separating the Sara Lee bread brand from Sara Lee Corporation will be messy.”