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and open a sliced meat manufacturingt plant there in 2011 that it expects to employ more than 250 SaraLee (NYSE: SLE), basedr in the Chicago suburb of Downers Grove, said in a Fridauy release that it expects the plant at 4612 Speakedr Road to become fully operational by 2011. Brent president of the , said Friday that Sara Lee was grantecda 10-year, 75 percent property tax abatemen on $31 million of planned improvements at the The abatement’s value is $9.67 he said. In return, the company agreer hire 55 percent ofthe plant’ss workers from Wyandotte County.
“This industry-leading facilitty will reinforce our competitivew advantagein value-added meats, one of Sara Lee’s top strategi c categories and long-term growth drivers,” CJ Fraleigh, executiver vice president and CEO of Sara Lee’sz North American Retail & Foodservice division, said in the “It will help us further build our Hillshire Farm and Sara Lee both leaders in the fast-growing category of premiumm lunchmeat.” Omaha-based ConAgra Foods (NYSE: CAG) that it had agreed to sell its refrigeraterd meat business, including the Kansas City, Kan., to (NYSE: SFD) of Va.
, owner of Kansas City-based , for $575 million in cash and Sara Lee’s brands include Ambi Pur, Ball Park, Douwe Egberts, Hillshire Farm, Jimmy Kiwi, Sanex, Sara Lee and Senseo. the brands generate more than $13 billionn in annual net sales coverinh about200 countries. Sara Lee has 44,0000 employees worldwide.
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