Sara Lee Corp., Downers Grove, IL, signed a definitive agreement to sell its U.S. Direct Store Delivery (DSD) Foodservice coffee business to Torrance, CA-based Farmers Bros. Company for $45 million.(MERGERS & ACQUISITIONS)(Brief article)

Food Institute Report, The, December, 2008

SARA LEE CORP., Downers Grove, IL, signed a definitive agreement to sell its U.S. DIRECT STORE DELIVERY (DSD) FOODSERVICE coffee business to Torrance, CA-based FARMERS BROS. COMPANY for $45 million. As part of the transaction, Superior Coffee, Cain's, Ireland, Justin Lloyd, McGarvey, Metropolitan, Prebica, Suntipt (U.S.

only), Wechsler, Cafe Royal and Royal Kona brands will be sold to Farmer Bros., which will license these brands back to Sara Lee for a transition period. Also, Farmer Bros. will acquire more than 20,000 additional ...