Sara Lee Corp.

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Tyson Foods to spend US$320m on new poultry plant in eastern Kansas

6 Sep 2017

US chicken giant Tyson Foods plans to build a US$320m poultry complex in eastern Kansas, with production targeted to begin in mid-2019.

On the money: ConAgra private-label exit is about growth

1 Jul 2015

ConAgra Foods announced that it will sell off its loss-making private label business yesterday (30 June) in a move that, the company said, will help unlock value for its shareholders. But selling off private brands is about more than offloading an asset that is a challenging turnaround story. New CEO Sean Connolly insists it is about putting ConAgra back on the road to growth. Katy Askew reports.

Sara Lee launches single serve desserts in Australia

30 Jan 2015

Sara Lee has launched a range of single-serve desserts in the Australia market.

Comment: US food sector consolidation sees raising valuations

2 Jun 2014

The dramatic M&A battle being played out in the US protein space comes as fresh evidence that food companies are willing to pay top-dollar for quality businesses in a consolidating sector.

Editor's viewpoint: Seeing the value in being lean

29 May 2014

With the bidding war for Hillshire Brands intensifying, it is pertinent to point out just how correct Sara Lee's management - and those on Wall Street that supported the split - were about the shareholder benefits of separating the old business.

Deal or no deal: Could more bids emerge after Pilgrim's play for Hillshire?

28 May 2014

The hunter became the hunted yesterday (27 May) as Pilgrim's Pride made a hostile bid for Hillshire Brands. The news comes just days after Hillshire announced its own plans to acquire a third US food group, Pinnacle Foods. Pilgrim's play for the maker of Jimmy Dean sausages leaves that deal looking shaky and has set the market alight with rumours that further takeover bids for Hillshire could follow. Katy Askew reports.

Editor's viewpoint: Consolidation in sluggish US

12 May 2014

In the US, a market where volume sales have been and remain under pressure, it has been expected in certain quarters that boardrooms would increasingly run the rule over potential acquisitions. Hillshire Brands executives have moved again - this time with a major deal for Pinnacle Foods.

AUS/US: Hillshire Brands to sell Aussie bakery unit to McCain Foods

19 Dec 2012

Hillshire Brands has agreed to sell its Australia and New Zealand bakery business, Kitchens of Sara Lee, to McCain Foods.

AUS/US: Hillshire Brands to sell Aussie bakery unit to McCain Foods

19 Dec 2012

Hillshire Brands has agreed to sell its Australia and New Zealand bakery business, Kitchens of Sara Lee, to McCain Foods.

US: Flowers raises sales outlook on Q3 gains

9 Nov 2012

US baker Flowers Foods has reported a slight lift in third-quarter earnings, which were boosted by "solid" sales gains.

BELGIUM: Sara Lee exec Vaesen named PinguinLutosa CEO

10 Oct 2012

Former Sara Lee executive Marleen Vaesen will become chief executive of Belgium-based produce group PinguinLutosa.

US: Hillshire Brands adds to Sara Lee cake range

31 Aug 2012

Hillshire Brands has added a Lemon Pound Cake to its Sara Lee brand, as well as making the label's signature Butter Pound Cake more moist.

US: Ex-Sara Lee exec in Shearer's Foods buy-out

30 Aug 2012

Private-equity firm Wind Point Partners has snapped up US snacks group Shearer's Foods in a takeover backed by former Sara Lee executive C.J. Fraleigh.

Quote, unquote: just-food's week in words

11 Jun 2012

A swathe of results releases this week highlighted the ongoing difficulties of operating in the current economic climate.

US: Smucker sales rise on pricing

7 Jun 2012

JM Smucker said today (7 June) it had been able to grow earnings and sales in the fourth quarter of its financial year as higher prices offset weaker volumes.

US: NPD focus for Sara Lee meat arm Hillshire Brands

6 Jun 2012

Improving NPD will be central to Sara Lee's plans to drive growth at its North American meat division, to be renamed Hillshire Brands, the company has revealed.

Editor's choice: the highlights on just-food this week

2 Jun 2012

The week ended with, in many ways, its most notable story with the results of an investigation into Nestle's cocoa supply confirming the use of child labour on some farms in Africa. The last five days also saw Hershey outline its ambitions for growth overseas, the listing of Sara Lee's meat arm Hillshire Brands in the US and General Mills reveal more details of its restructuring plans. just-food also interviewed executives from Irish food group Greencore and UK meat processor Cranswick and looked at the growth of Nigeria as a destination for investment by FMCG companies.

US: Sara Lee books Q3 loss in run-up to spin-off

4 May 2012

US food and beverage group Sara Lee has reported a quarterly loss on the back of costs linked to the spin off of its coffee and tea business, which is scheduled for next month.

MEXICO: Bimbo profits tumble on costs

30 Apr 2012

Mexican baker Grupo Bimbo has indicated that first-quarter profits almost halved as higher financing costs and margin pressure hit the bottom line.

US: Bakery group Bimbo to close two plants

29 Mar 2012

Mexican baker Grupo Bimbo is to close two manufacturing plants in the US.

Editor's choice: the highlights on just-food this week

12 Mar 2012

The intensely competitive nature of the UK food retail sector came to the fore this week, with Tesco outlining how it believes it can revitalise stagnant sales, Morrisons underlining its plans to develop its fresh food offer and Waitrose insisting it will continue to be fight hard on price. The end of the week also saw the announcement that a consortium led by Iceland Foods chief executive Malcolm Walker had acquired the UK frozen foods retailer. Across the Channel, Carrefour confirmed its profits slumped in 2011 and said it would cut capital expenditure this year. And Dairy Crest, the UK's largest dairy processor, said it was mulling whether to sell its French unit St Hubert. Click on the headlines for more.

Quote, unquote: just-food's week in words

12 Mar 2012

Iceland Foods founder and CEO Malcolm Walker told of his "delight" at purchasing the UK frozen food retailer today (9 March) after months of talks to secure the firm.

US: Bankers hawk Sara Lee's meat business

9 Mar 2012

Investment banks are approaching rivals of Sara Lee, including Smithfield Foods, to see what interest there is in its US meats business, which is set to be spun off from the main group later this year.

US: Sara Lee adds breakfast sausage to Jimmy Dean line

2 Mar 2012

Sara Lee has expended its Jimmy Dean meats portfolio to include a breakfast sausage brand for the US market.

MEXICO: Bimbo Q4 profits down one-quarter

23 Feb 2012

Sales gains failed to offset a drop in fourth-quarter profits at bakery giant Grupo Bimbo, which saw earnings fall by more than one-quarter in the last three months of the year.

US: Nutrition bar contract loss hits Ralcorp plant

8 Feb 2012

The loss of a nutrition bar manufacturing contract has led US food group Ralcorp Holdings to decide to close a production facility.

US/AUS: Sara Lee decides to retain Aussie bakery unit

8 Feb 2012

US food and beverage group Sara Lee has decided to keep its Australian bakery operations after a review of the business.

US: Restructuring, impairment, spin-off costs hit Sara Lee profits

7 Feb 2012

Half-year profits at US food and beverage group Sara Lee have tumbled by 75% due to restructuring and impairment charges, as well as costs from its planned split.

US: Campbell Soup Co.'s Alexander to head North America unit

6 Jan 2012

Campbell Soup Co. has announced a change of president for its business in North America.

2011 in review - M&A activity fails to meet expectations

22 Dec 2011

A year ago, there was consensus that M&A activity would pick up in 2011. As we look back on the last 12 months, there were some major deals but concern over the economy meant the numbers of deals fell short of expectations. Dean Best reports.





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