Sara Lee Considering Acquisitions To Expand Food Business; More Profitable Bread Unit
According to a report on Bloomberg.com, Sara Lee Corp. is consideing acquisitions to fuel growth in its food and coffee divisions, according to Chairman and Chief Executive Officer Brenda Barnes.
Sara Lee, which plans to cut at least $250 million in costs over two years, is in a position to handle a large purchase, Barnes, 55, said June 17. The company has simplified its technology systems, gotten out of underperforming businesses, and introduced better products based on consumer research during the past four years, she said.
Sara Lee is looking to expand its main food business to make its bread unit more profitable and increase the amount of higher-margin coffee it sells. The company, based in Downers Grove, Illinois, also will consider expanding by geographic region, Barnes said.
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