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Sara Lee sells Brossard to French group

17-Jan-2001

Related topics: Financial & Industry

US consumer goods group Sara Lee Corp. has announced plans to sell its French bakery unit, Brossard, to French food group Saveurs de France. Terms of the deal were not disclosed. The sale is to include all of Brossard's brands and activities, as well as related assets. Brossard produces a wide range of ambient and frozen pastry products that are sold in France under the Brossard brand name. For the fiscal year ended June 30, 2000, the company's sales were approximately US$122 million (FRF$804 million).