Sara Lee Completes Sale of Global Body Care and European Detergents Businesses to UnileverBy Sara Lee, PRNE
Sunday, December 5, 2010
DOWNERS GROVE, Illinois, December 6, 2010 - Sara Lee Corp. (NYSE: SLE) today announced it has completed the sale of
its global Body Care and European Detergents businesses to Unilever for Euro
"The divestiture of our Body Care and European Detergents businesses
further enables us to concentrate our efforts in key areas where we have a
strong competitive position and can generate significant shareholder value,"
said Marcel Smits, interim chief executive officer of Sara Lee Corp. "We
remain focused on aggressively driving growth in our core coffee and protein
This transaction is a part of Sara Lee's ongoing process of divesting its
Household and Body Care businesses. In addition to today's transaction, the
company has announced and closed transactions for its air care business (sold
to Procter & Gamble for Euro 320 million) and its stake in the Indian
insecticides joint venture Godrej Sara Lee (sold to Godrej for Euro 185
million). In addition, Sara Lee announced the pending sale of its non-Indian
insecticides business to SC Johnson for Euro 153.5 million, That deal is
anticipated to close by the end of calendar year 2010.
Sara Lee has received significant interest in the remainder of its
household business, primarily shoe care and Asian cleaning brands, and is
continuing to pursue divestiture options for this business.
About Sara Lee
Each and every day, Sara Lee (NYSE: SLE) delights millions of consumers
and customers around the world. The company has one of the world's best-loved
and leading portfolios with its innovative and trusted food and beverage
brands, including Ball Park, Douwe Egberts, Hillshire Farm, Jimmy Dean, Sara
Lee and Senseo. Collectively, our brands generate nearly $11 billion in
annual net sales. Sara Lee has approximately 33,000 employees in its
continuing operations worldwide. Please visit www.saralee.com for news
and in-depth information on Sara Lee and its brands.
Media: Jon Harris, +1-630-598-8661; Analysts: Melissa Napier, +1-630-598-8739
Tags: December 6, Downers grove, Illinois, Sara Lee