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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]
The Fuller Brush Company is an American company that sells branded and private label products for personal care, as well as for commercial and household cleaning. It was founded in 1906 by Alfred Fuller. Consolidated Foods (now Sara Lee Corporation) acquired Fuller Brush in 1968.
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 company paid out a concurrent $3 special cash dividend on all D.E Master Blenders 1753 ...
He began his career at McKinsey & Company as a Management Consultant in Chicago. [2] [4] In 1976, he became president and CEO of Aqualux Water Processing Company, and in 1982, president and CEO of Electrolux. [4] He joined the Sara Lee Corporation as senior vice president in 1986, and became executive vice president in 1993. [4]
This would make Bimbo Bakeries USA more than twice as large as the number-two bakery company in the United States, Flowers Foods. 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.
The experience left both sides bitter, and JP was expected to find a way to reduce Sara Lee's presence or end its investment in the company all together. That separation occurred before the end of 1996, when JP held a public offering involving the sale of all the common stock held by Sara Lee. On December 31, 1996, JP Foodservice moved to the ...