McCain Foods has completed the acquisition of Kitchens of Sara Lee (KOSL) Australia from Hillshire Brands in a deal worth 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 properties used in the Australian bakery business in the Asia-Pacific region.
McCain Foods’ regional managing director, Steve Yung, said of the deal: “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 a leading 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’s regional office operates eight production facilities across five sites throughout Australia and New Zealand.