BNET Industries
Sara Lee Corp. (SLE) is in the Food Industry
- Revenue
- Jun 28 2008
- $13.2B
- Profit
- Jun 28 2008
- ($79.0M)
- Market Cap
- Nov 28 2008
- $6.4B
Latest News and Analysis
Smithfield Foods Inc. said its partnership with Oaktree Capital Management, Groupe Smithfield, completed its purchase of the European meats business of Sara Lee Corp. for $575 million
Smithfield Foods Inc. said its partnership with Oaktree Capital Management, Groupe Smithfield, completed its purchase of the European meats business of Sara Lee Corp. for $575 million. The segment had sales of $1.1 billion in 2005 and sells the Aoste, Justin Bridou and Nobre brands in France, Portugal and the...
The European Commission has given Smithfield Foods Inc. regulatory approval to buy the European meats business of food and apparel company Sara Lee Corp. EU regulators said the deal would not cause antitrust problems in Europe
The European Commission has given Smithfield Foods Inc. regulatory approval to buy the European meats business of food and apparel company Sara Lee Corp. EU regulators said the deal would not cause antitrust problems in Europe. Smithfield will form a 50 percent-owned joint venture with Oaktree Capital Management LLC to...
Smithfield Foods Inc., Smithfield, Va., announced June 27 it signed an agreement to acquire the European meats business of Sara Lee Corp. for $575 million, plus the assumption of pension liabilities.(MERGERS & ACQUISITIONS)(joint venture with Oaktree
Smithfield Foods Inc., Smithfield, Va., announced June 27 it signed an agreement to acquire the European meats business of Sara Lee Corp. for $575 million, plus the assumption of pension liabilities. Smithfield said it will finance the acquisition th Smithfield Foods Inc., Smithfield, Va., announced June...
Sara Lee Corporation Agrees to Sell Its European Meats Business to Smithfield Foods, Inc.; Sara Lee continues to sharpen focus on growing large, branded positions
CHICAGO -- Sara Lee Corporation (NYSE:SLE) announced today that it has entered into a purchase agreement for the sale of its European meats business to Smithfield Foods, Inc., the world's largest pork processor and hog producer, for USD 614 million - USD 575 million in cash, and the assumption of...
Smithfield Foods Inc. said that it is negotiating for the purchase of Sara Lee Corp.'s billion dollar-a-year European meats business
Smithfield Foods Inc. said that it is negotiating for the purchase of Sara Lee Corp.'s billion dollar-a-year European meats business. Smithfield is a pork processor and the nation's largest producer of hogs. The Smithfield, Va.-based company has entered into an exclusive negotiation period with Sara Lee, based in Chicago. Sara...
Sara Lee Corporation Provides Update on Sale of Its European Meats Business; Negotiating Sale of European Meats Business with Smithfield Foods, Inc.; Consultation with Employee Representatives from Appropriate Works Councils to Begin
CHICAGO -- Sara Lee Corporation (NYSE:SLE) announced today that it has entered into an exclusive negotiation period regarding the sale of its European meats business with Smithfield Foods, Inc., the world's largest pork processor and hog producer. As the parties continue their discussions, Sara Lee will consult with employee representatives...
Sara Lee, Kraft meats could lure hungry buyer; Pork giant Smithfield says acquisitions are on its menu.(News)
Byline: JULIE JARGON Could Kraft or Sara Lee's meat businesses could be just the thing to satisfy Smithfield Foods Inc.'s appetite for deals? In a Nov. 30 conference call, Smithfield President and Chief Operating Officer Larry Pope said the Virg Byline:...
MUST KRAFT, SARA LEE GO MEATLESS? As suppliers jump into branding biz, maybe it's time to unload Oscar Mayer, Jimmy Dean.(News)(Column)
Byline: JULIE JARGON It's a tough time to be in the meat business, and some observers think Sara Lee Corp. and Kraft Foods Inc. should get out while they can. With consolidation in the meat industry and major meatpackers processing more...
Industry risk report
Consumer food products: feeding the country is no simple job--nor is it one without a hefty amount of risk exposure. Consumer food product manufacturers manage multilevel risk, the most unpredictable of which are the consumers themselves. Here's a brief look at some of the staples of the American pantry, and...
Additional Resources
Sara Lee Announces Closure of Kosher Hot Dog and Meat Processing Facility in Chicago
DOWNERS GROVE, Ill. -- Sara Lee Corp. (NYSE: SLE) announced that it will close its kosher hot dog and meat processing facility on or before Jan. 30, 2009. Sara Lee has decided to exit the kosher meat business, and discontinue processing and distributing products made under all of...
Ring in the Holidays with Delicious Appetizer Recipes and Party Ideas from Sara Lee Executive Chef Catherine DeOrio
Chef Catherine DeOrio offers tips on how to make the holidays festive without breaking the bank DOWNERS GROVE, Ill. -- It's beginning to look a lot like the holidays! Thanksgiving through New Year's Day is prime party season for fun with loved ones, as well as an extremely...
Sara Lee Corporation Names Shilen Senior Vice President and Corporate Controller
DOWNERS GROVE, Ill. -- Sara Lee Corp. (NYSE: SLE) today announced that it has appointed Thomas S. Shilen Jr. to senior vice president and corporate controller, effective Nov. 10, 2008. Shilen, 49, will lead all aspects of Sara Lee's global controllers' organization including corporate and international accounting, consolidation...
Sara Lee Corporation to Re-Enter Market to Buy Back Its Shares
DOWNERS GROVE, Ill. -- Today, Sara Lee Corp. (NYSE: SLE) announced that, as a result of the lower price for Sara Lee common stock, the company has determined that it will re-enter the market to buy back its shares on an opportunistic basis. At this time, the company has not...
Sara Lee to Invest $ 80m in Production Plant for Liquid and Instant Coffee
UTRECHT, The Netherlands, November 6 /PRNewswire-FirstCall/ -- - New Plant in Joure, the Netherlands, to Boost Capacity by 50% Sara Lee will invest US$80 million in its coffee extraction capacity at its facilities in Joure, the Netherlands, over the next two years. By doing so, it boosts...
Sara Lee Reports Strong Results for First Quarter of Fiscal 2009
Net sales up 9.6% with growth across the business; particularly strong sales performance in North American retail and fresh bakery segments Operating income up 20.5% to $353 million; diluted earnings per share of $.32 compared to $.28 for the year-ago quarter DOWNERS GROVE, Ill. -- Sara...
Sara Lee Corporation Presents Strategies to Drive Profitable Growth
Building on leading market share positions, leveraging opportunities in emerging markets and driving efficiencies to spur worldwide growth DOWNERS GROVE, Ill. -- Sara Lee Corp.'s (NYSE: SLE) senior management today outlined the strategies and specific growth opportunities during its annual "Meet the Management" meeting with analysts. ...
Sara Lee's Coffee Blends Become 30% More Sustainable in 2009
UTRECHT, Netherlands, November 3 /PRNewswire-FirstCall/ -- - Sara Lee to Source 26,500 Tons of Sustainable Coffee in 2009 - Tenfold Increase in Five Years, 30% Increase Compared to This Calendar Year Sara Lee further increases its commitment to sustainable coffee as the company will buy 26,500 tons...
Darden Restaurants, Inc. Announces New Board Member
ORLANDO, Fla., Nov. 3 /PRNewswire-FirstCall/ -- Darden Restaurants, Inc. has elected Christopher J. CJ Fraleigh, executive vice president and chief operating officer -- North America of Sara Lee Corporation, to its board of directors effective November 3, 2008. Darden owns and operates Red Lobster, Olive Garden, LongHorn Steakhouse,...
Sara Lee to Source More Sustainable Coffee
FOOD AND BEVERAGE CLOSE-UP-3 November 2008-Sara Lee to Source More Sustainable CoffeeC2008 - CloseUpMedia - newsdesk@closeupmedia.com Sara Lee said that it further increases its commitment to sustainable coffee as the company will buy 26,500 tons of certified coffee beans in 2009. The company said that is...
Sneaky Sara
"Ready in 5 minutes," says the box of Sara Lee Simple Sweets Peach Pie. "Perfect for a WARM snack anytime. Great for sharing." [ILLUSTRATION OMITTED] That's right. Any time you and three other people are hungry for a snack, you can divvy up this pie into...
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- Incorporated: 1941
- CEO: Ms. Brenda C. Barnes
Sara Lee is engaged in manufacturing and marketing brand-name products for consumers focused primarily on packaged meat products, fresh and frozen bakery products, roast and ground coffee and household and body care products. Co. operates six business segments: North American Retail Meats, North American Retail Bakery, Foodservice, International Beverage, International Bakery, and Household and Body Care. Co.'s brand names includes Hillshire Farm, Ball Park, Jimmy Dean, Sara Lee, Bryan, State Fair, Kahn's, Earth Grains, Colonial, IronKids, Mother's, Sunbeam, Sun-Maid, Bimbo, CroustiPate, Ortiz, BonGateaux, Douwe Egberts, Senseo, Maison du Cafe, Marcilla, Merrild and Pickwick.
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Sara Lee Corp. Company Info
Board of Directors
Ms. Brenda C. Barnes
Chairman
Ambassador Rozanne L. Ridgway
Mr. Norman R. Sorensen
Mr. Jeffrey W. Ubben
Mr. Jonathan P. Ward
Mr. Christopher B. Begley
Ms. Crandall C. Bowles
Mr. Virgis W. Colbert
Mr. James S. Crown
Ms. Laurette T. Koellner
Mr. Cornelis J. A. van Lede
Dr. John McAdam
Sir Ian M.G. Prosser
Contact Information
3500 Lacey Road
Downers Grove, IL
630 598-6000
