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Christopher "CJ" Fraleigh (born October 1, 1963) is an American food-industry executive. He is the Executive Chairman of an entity sponsored by private equity firm Kohlberg & Company to acquire the Sara Lee frozen bakery assets from Tyson Foods. [1]
By 2009, Sara Lee was pursuing the sale of its household and body care business in their continuing effort to focus on core business. [14] In April, Sara Lee launched a state-of-the-art research and development center named The Kitchens of Sara Lee, a 120,000-square-foot (11,000 m 2) campus at the company's headquarters in Downers Grove. [15]
Sara Lee Corp. acquired its fresh-baked division in 2001 with the acquisition of Earthgrains for a then industry record of US$2.8 billion. This sale represents a 66% discount. In November 2011, Sara Lee Corporation completed the sale of its North American fresh bakery business to Grupo Bimbo for $709 million. [17]
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.
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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 ...
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 ...
He then was president and CEO of Sara Lee Corporation's Sara Lee Bakery Worldwide unit, [5] [7] from March 1996 to September 1997. [ 8 ] [ 9 ] [ 10 ] Riccitiello joined video game company Electronic Arts (EA) in October 1997, [ 7 ] initially as president and chief operating officer until 2004.
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