Sara Lee Corp. is to sell its minority stake in Mexican meat and dairy group Qualtia Alimentos to venture partner Xignux, a local conglomerate.
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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.”
