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Sara Lee said it agreed to sell its White King and Janola cleaning products business to Australia-based detergent maker Symex Holdings for 37.9 million euros ($49.7 million).
The deal brings Sara Lee closer to its goal of focusing on selling food, coffee and tea.
Sara Lee, which has already spun off its body care, air care businesses and its stake in a joint venture with India’s Godrej, expects the deal with Symex to close during the first quarter of 2011. Get the full story »
Sara Lee Corp. has completed the $1.6 billion sale of its body care and European detergent segments to Unilever NV, the food company said Monday. Get the full story »
At its annual Meet the Management Analyst Day in New York Tuesday, Sara Lee presented itself as holding company-turned operating company with a string of successes in growing, high-margin businesses and a handful of struggling ones in need of work. The maker of Hillshire Farm sausage and Senseo coffee touted them its biggest successes — North American meats and European coffee — and laid out cases for fixing its problem areas, including International Bakery, North American Bakery and North American Foodservice. Get the full story »
