Tuesday, October 25, 2011

Brotherhood of the Bean

Brotherhood of the Bean

Link to Brotherhood of the Bean

Sara Lee sells foodservice coffee and tea business

Posted: 24 Oct 2011 10:01 AM PDT

Food maker Sara Lee Corp. said Monday it sold a chunk of its North American foodservice coffee and tea operations to The J.M. Smucker Co. for $350 million.

Colombia Coffee Crop May Miss Forecasts After Bad Weather

Posted: 24 Oct 2011 10:01 AM PDT

Colombia, the world's second-largest supplier of Arabica coffee beans, may produce its smallest crop in two years in 2011 because of excess rain that poses a risk for next year's harvest, according to a top growers' leader.

Sara Lee Sells Majority of U.S. Coffee Group to J.M. Smucker

Posted: 24 Oct 2011 10:01 AM PDT

Sara Lee is selling its domestic coffee business to J.M. Smucker and will sell its bakery business to Grupo Bimbo for a reduced price. 

Sara Lee sells majority of coffee business for $350M

Posted: 24 Oct 2011 10:01 AM PDT

Sara Lee Corp. plans to sell the majority of its North American foodservice coffee and tea business to The J.M. Smucker Company for $350 million. The sale is expected to close early next year.

Sara Lee sells N American coffee business

Posted: 24 Oct 2011 10:01 AM PDT

Sara Lee (NYSE:SLE – News), the US packaged foods company, said on Monday that it sold the majority of its North American coffee business to JM Smucker for $350m as it continues to narrow its focus after announcing …

Smucker Buys Sara Lee’s Coffee, Tea Divisions

Posted: 24 Oct 2011 10:00 AM PDT

NEW YORK (TheStreet) — J.M Smucker agreed to buy the North American coffee and hot beverage divisions of Sara Lee for $350 million and an additional $50 million over 10 years. Smucker said Monday in a press release announcing the deal that the purchase of Sara Lee’s coffee business includes the Douwe Egberts concentrated liquid coffee formula served up in diners nationwide as well as ground …
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