The Hillshire Brands Company Completes Sale of Australian Bakery Business to
CHICAGO -- February 4, 2013
The Hillshire Brands Company (NYSE: HSH) announced today it has completed the
sale of its Australian subsidiary Kitchens of Sara Lee Pty Ltd to a subsidiary
of McCain Foods Limited (McCain Foods Aust Pty Ltd) in an all-cash
transaction. The sale was originally announced in Dec. 2012.
The Australian Bakery business has approximately 500 employees and one primary
manufacturing facility in Australia. The business produces and sells a variety
of bakery and other food products to retail and foodservice customers in
Australia and other parts of the Pacific Rim under brands including the Sara
Lee brand name. No other Sara Lee branded fresh bakery products are affected
by this transaction.
About The Hillshire Brands Company
The Hillshire Brands Company (NYSE: HSH) is a leader in meat-centric food
solutions for the retail and foodservice markets. The company generates
approximately $4 billion in annual sales and has approximately 9,500
employees. Hillshire Brands’ portfolio includes iconic brands such as Jimmy
Dean, Ball Park, Hillshire Farm, State Fair, Sara Lee frozen bakery and Chef
Pierre pies, as well as artisanal brands Aidells and Gallo Salame.
The Hillshire Brands Company
Mike Cummins, +1-312-614-8529
Anne Wickham, 0419 185 664
Melissa Napier, +1-312-614-8739
Press spacebar to pause and continue. Press esc to stop.