date:Feb 05, 2013
CHICAGO McCain Foods (Aust) Pty. Ltd. has completed the acquisition of the Kitchens of Sara Lee frozen bakery business from Hillshire Brands Co., a move that paves the way for the company to expand its range of products across desserts, meals and snacking occasions. The sale originally was announced in December 2012.
The transaction is valued at approximately $85 million, and it includes license rights to certain intellectual property used in the Australian bakery business in the Asia-Pacific