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Seven months later, A-B spun off its bread business as the stand-alone Earthgrains Corporation. In 2000, Earthgrains merged with the Sara Lee Corporation. In 2011, Sara Lee sold its bread business, including the trademark Sara Lee, to the worldwide Grupo Bimbo, which is based in Mexico City. [1] [3]
Sara Lee decided to exit the kosher meat business and discontinue processing and distributing products made under all of its kosher meat brands, including: Best's Kosher, Sinai Kosher, Shofar and Wilno. [36] As of early 2019, certain Sara Lee bread and other baked goods products, which had dropped some kosher certifications in 2017, [37 ...
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 reportedly is close to cutting a deal to sell its North American bakery business to Grupo Bimbo for a sticker price of $900 million to $1 billion, according to a Bloomberg report. That ...
U.S. Food and Drug Administration inspectors found that Bimbo Bakeries USA — which includes brands such as Sara Lee, Oroweat, Thomas', Entenmann's and Ball Park buns and rolls — listed ...
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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]