Home » Could Wonder Bread be a Match for Sara Lee?
Could Wonder Bread be a Match for Sara Lee?
FoodProcessing.com
04/01/2008
By ChicagoBusiness.com
The demise of Wonder Bread could be a boon for Sara Lee.
Sara Lee Corp. CEO Brenda Barnes is hunting for acquisitions, and Interstate Bakeries Corp., the maker of Wonder, as well as Hostess cupcakes and Twinkies, could be a fix for her sagging bread business.
Since Ms. Barnes said last month she is ready to do deals, industry analysts have zeroed in on potential targets: Oscar Mayer meats, Folgers coffee and Interstate's bread and snack-cake brands. Interstate, which is trying to reorganize in Bankruptcy Court, appears the most plausible near-term option because of its availability and strategic fit with Sara Lee. The company is seeking a buyer for all or parts of its business.
To read the full story, click here.
More News:
-
02/08/2012
Diamond Foods’ Chairman/Pres/CEO and CFO Relieved of Duties
Board finds improperly recorded crop payments to walnut growers.
-
01/18/2012
Planning for the Split, Kraft to Cut 1,600 Jobs
Most from sales and management; manufacturing untouched for now.
-
01/18/2012
ConAgra to Acquire Del Monte Canada
Sun Capital Partners affiliate selling only packaged products, not fresh.
-
01/13/2012
Gary Hirshberg Steps Down at Stonyfield
Remains chairman, but replaced as president/CEO by former Ben and Jerry's CEO Walt Freese.
-
01/12/2012
Hostess Files for Chapter 11 Again
Company needs to rework unionized labor cost structure, moreso than it did in 2004-2009.
-
01/06/2012
Frito-Lay Casa Grande Plant Nears Net-Zero
The food processing facility is one of the food industry's cleanest plants.
-
01/06/2012
A Flurry of Year-End Acquisitions Overseas
Coca-Cola, Nestle, ConAgra make deals in China, India, Saudi Arabia.
-
01/06/2012
Diamond Foods Investigated, Stalls Pringles Buy
SEC checking payments to walnut growers.
-
01/06/2012
Heinz Leads Customer Satisfaction Index for 12th Year
Leads all companies, not just food & beverage processors, on American Customer Satisfaction Index.
-
01/06/2012
Coca-Cola Remains 'Best Global Brand'
Leads Interbrand list for the 12th straight year.
- All news »
Subscriptions
Digital Editions
Access Food Processing and Wellness Foods magazines on-line and receive an e-mail each month when your new issue is ready. Subscribe Now »
E-Newsletters
Biweekly updates delivering feature articles, top industry news, company news, product announcements, technical issues and more. Subscribe Now »
Print page