Tyson agrees to sell Sara Lee Frozen Bakery and Van's businesses
Tyson Foods, Inc. has entered into an agreement to sell its Sara Lee® Frozen Bakery and Van’s® businesses to private equity firm Kohlberg & Company, the company announced today.
The sale includes the Chef Pierre®, Bistro Collection® and Van’s® brands, and a license to use the Sara Lee® brand in certain channels. The deal also includes the sale of the company’s Tarboro, N.C. and Traverse City, Mich. prepared foods facilities and a sales office in Canada. The 1,160 team members employed at the two facilities and sales office are expected to keep their positions with the new company.