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On July 4, 2012, Sara Lee Corporation was split into two companies: one for North American operations renamed Hillshire Brands, which continued to use the Sara Lee name on bakery and certain deli products, and the other for international beverage and bakery businesses that was named D.E Master Blenders 1753. [4]
It is the largest bakery company in the United States. [2] [3] The subsidiary, headquartered in Horsham, Pennsylvania, a suburb of Philadelphia, [4] owns many fresh bread and sweet baked goods brands in the United States, including Arnold, Levy's, Ball Park, Columbo, Francisco, Oroweat, Entenmann's, Sara Lee, and Thomas'. [5]
Under the terms of the deal, Sara Lee's stock underwent a one-for-five reverse split. As of June 27, 2012, all Sara Lee shareholders saw their holdings transform into Hillshire Brands shares and shrink by a factor of five. In addition, each former Sara Lee shareholder received shares in D.E. Master Blenders 1753 on a one-to-one basis. The ...
Sara Lee's sale of its North American Bakery business is now fully baked. The company announced today that it's selling the unit to Mexico's Grupo Bimbo for $959 Million. The deal follows earlier ...
During its fiscal fourth quarter, Sara Lee's North America bakery business took a hit. Its adjusted net sales fell 4.5% to $535 million and its adjusted operating income dropped 39.4% to $17 million.
Sara Lee Corp. (SLE) is considering selling its North American bakery business and has asked its financial advisers to test interest from potential buyers, The Wall Street Journal reported.
Grupo Bimbo has 134,000 employees, [4] 196 bakery plants, [5] 3 million points of sale, a distribution network with 57,000 routes all over the world. [6] The company has more than 100 brands and 13,000 products, [7] like Bimbo, Tía Rosa, Entenmann's, Pullman, Rainbo, Nutrella, Marinela, Oroweat, Sara Lee, Thomas', Arnold and Barcel. [8]
On June 1, 2018, Tyson announced that it would sell the Sara Lee, Van's, Chef Pierre and Bistro Collection brands to Kohlberg & Company. [32] The sale was completed on August 1. What is now known as Sara Lee Frozen Bakery will be based in Oakbrook Terrace, Illinois. [33]