McCain Foods has completed the acquisition of Kitchens of Sara Lee (KOSL) Australia from Hillshire Brands.The transaction is valued at A$82m.
The acquisition of KOSL includes a manufacturing facility at Lisarow, New South Wales, as well as licence rights to the Sara Lee brand and certain intellectual property used in the Australian bakery business in the Asia-Pacific region.
McCain Foods Australia/New Zealand managing director Steve Yung said: “Sara Lee is a great addition to our family of frozen foods and will provide a platform for growth.We are now focused on a smooth integration of the new business without disruption to our consumers and customers.”
KOSL is an Australian and New Zealand frozen food company that manufactures, sells and distributes a range of Sara Lee-branded products in frozen desserts, super premium ice cream, pastries, frozen savoury meals and frozen fruit categories.
McCain Australia/New Zealand, based in Ballarat, is a subsidiary of McCain Foods Limited that specialises in frozen potato products, vegetables, dinners, pizza and frozen fruit, for both the Retail and Foodservice sectors. The company operates eight production facilities, are located on five sites throughout Australia and New Zealand.
