Sara Lee Corp. is to sell its minority stake in Mexican meat and dairy group Qualtia Alimentos to venture partner Xignux, a local conglomerate.
Go deeper with GlobalData
The US food giant, which set up the venture with Xignux in 1994, said it had sold its stake for an undisclosed sum.
Qualtia Alimentos generates annual sales of US$300m and sells meats and cheeses under brands including Zwan, Kir and Duby.
Sara Lee COO C.J. Fraleigh said: “This move enables us to more closely focus on the continued growth and expansion of our core brands in the United States and around the world, and is part of our ongoing efforts to streamline our business.”
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
