M&A Deal Summary

Farmer Brothers Acquires Sara Lee - Direct-Store-Delivery Coffee Business

On February 1, 2009, Farmer Brothers acquired food company Sara Lee - Direct-Store-Delivery Coffee Business from Sara Lee for 45M USD

Acquisition Highlights
  • This is Farmer Brothers’ 1st transaction in the Food sector.
  • This is Farmer Brothers’ largest (disclosed) transaction.
  • This is Farmer Brothers’ 2nd transaction in the United States.

M&A Deal Summary

Date 2009-02-01
Target Sara Lee - Direct-Store-Delivery Coffee Business
Sector Food
Buyer(s) Farmer Brothers
Sellers(s) Sara Lee
Deal Type Divestiture
Deal Value 45M USD

Target

Sara Lee - Direct-Store-Delivery Coffee Business

United States
Sara Lee’s Direct-Store-Delivery Coffee Business (DSD).

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Buyer(S) 1

Buyer

Farmer Brothers

Northlake, Texas, United States

Category Company
Founded 1912
Sector Consumer Services
Employees993
Revenue 340M USD (2023)
DESCRIPTION

Farmer Brothers engages in the manufacture, wholesale, and distribution of coffee, tea, and culinary products in the United States. Farmer Brothers was incorporated in 1912 and is based in Northlake, Texas.


DEAL STATS #
Overall 2 of 5
Sector (Food) 1 of 1
Type (Divestiture) 1 of 1
Country (United States) 2 of 5
Year (2009) 1 of 1
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-04-30 Coffee Bean International

Portland, Oregon, United States

Coffee Bean International, Inc. is a specialty coffee roaster, providing branded and private label gourmet coffee and related beverages and support services to independent and chain specialty coffee retailers.

Buy $22M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-12 China Mist Brands

Scottsdale, Arizona, United States

China Mist Brands, Inc. is a manufacturer and supplier of iced teas for restaurants, grocers and food service purveyors.

Buy $11M

Seller(S) 1

SELLER

Sara Lee

Downers Grove, Illinois, United States

Category Company
Founded 1939
Sector Food
DESCRIPTION

Sara Lee Corp. was a consumer goods and food company headquartered in Downers Grove, Illinois. The Company was formed in 1939 and became defunct in 2012 when it split into Hillshire Brands and D.E. Masters Blends.


DEAL STATS #
Overall 5 of 9
Sector (Food) 2 of 4
Type (Divestiture) 3 of 6
Country (United States) 4 of 7
Year (2009) 1 of 2
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-09-05 Hanes

Winston-Salem, North Carolina, United States

Hanes is a consumer goods company with a portfolio of apparel brands, including Hanes, Champion, C9 by Champion, Bali, Playtex, Just My Size, L’eggs, barely there, Wonderbra, Gear for Sports, Zorba, Sol y Oro and Rinbros. Hanes was founded in 1901 and is based in Winston-Salem, North Carolina.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-12-11 Ambi Pur

United States

Ambi Pur is a brand of air freshener products.

Sell €320M