Sara Lee announces Q3 results, acquires Aidells Sausage Co.
Sara Lee Corp. reported earnings for the third quarter of fiscal 2011 and announced portfolio changes.
Sara Lee has entered into a definitive agreement to acquire Aidells Sausage Co., a leading premium brand in the dinner sausage category in North America, for $87 million in cash. The deal is expected to close within the next few months, and is subject to customary conditions, including regulatory approval. This acquisition expands the company’s presence into the organic and natural meat segments, while also increasing coverage of fast growing retail channels, such as club stores and organic grocers.