Sara Lee preps for publicly traded companies, sells refrigerated dough business
Sara Lee Corp. announced it has signed an agreement to sell its North American Refrigerated Dough business to Ralcorp Frozen Bakery Products Inc., a division of Ralcorp Holdings, Inc., for $545 million. The transaction is anticipated to close by the end of calendar year 2012.
In May 2011, Sara Lee Corp. announced that it was evaluating strategic options for this business, which provides a full range of private brand products including basic and specialty biscuits, crescent rolls, pizza and pie crusts and toaster pastries. These products are packaged for and sold to leading food and mass retailers.