Hillshire Brands Co The Hillshire Brands Company Completes Sale of Australian Bakery Business to McCain Foods
04 Febbraio 2013 - 3:00PM
UK Regulatory
TIDMHSH
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 GalloSalame.
The Hillshire Brands CompanyMedia:Mike Cummins,
+1-312-614-8529orAustralian Media:Anne Wickham, 0419 185
664orAnalysts:Melissa Napier, +1-312-614-8739
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