M&A Deal Summary

McCain Foods Pty Acquires Kitchens of Sara Lee Pty

On December 19, 2012, McCain Foods Pty acquired food company Kitchens of Sara Lee Pty from The Hillshire Brands for 82M AUD

Acquisition Highlights
  • This is McCain Foods Pty’s 1st transaction in the Food sector.
  • This is McCain Foods Pty’s 0th largest (disclosed) transaction.
  • This is McCain Foods Pty’s 1st transaction in Australia.

M&A Deal Summary
Date 2012-12-19
Target Kitchens of Sara Lee Pty
Sector Food
Buyer(s) McCain Foods Pty
Sellers(s) The Hillshire Brands
Deal Type Divestiture
Deal Value 82M AUD

Target

Kitchens of Sara Lee Pty

Lisarow, Australia
Kitchens of Sara Lee Pty Ltd. is a frozen food company that manufactures, sells and distributes a range of Sara Lee branded products in the frozen desserts, super premium ice cream, pastries, frozen savoury meals and frozen fruit categories.

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Buyer(S) 1

Buyer

McCain Foods Pty

Wendouree, Australia
Category Company
Founded 1968
Sector Food
DESCRIPTION

McCain Foods (Aust) Pty Ltd. is a provider of food related products in Australia.

DEAL STATS #
Overall 1 of 1
Sector (Food) 1 of 1
Type (Divestiture) 1 of 1
Country (Australia) 1 of 1
Year (2012) 1 of 1

Seller(S) 1

SELLER

The Hillshire Brands

Chicago, Illinois, United States
Category Company
Founded 1939
Sector Food
Employees9,100
Revenue 3.9B USD (2013)
DESCRIPTION

The Hillshire Brands Company manufactures and markets meat-centric food solutions worldwide. It operates in two segments, Retail and Foodservice/Other.

DEAL STATS #
Overall 1 of 1
Sector (Food) 1 of 1
Type (Divestiture) 1 of 1
Country (Australia) 1 of 1
Year (2012) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-03 Golden Island Jerky

Rancho Cucamonga, California, United States

Golden Island Jerky Co. manufacturer of premium gourmet jerky products. A third-generation, family-owned business with more than 60 years of specialty meat experience, Golden Island produces more than 20 gourmet varieties, inspired by bold and exotic flavors from around the world. Using a proprietary cooking and marinating process that’s been perfected over the last six decades.

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