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and open a sliceed meat manufacturing plant therd in 2011 that it expectzs to employ more than250 people. Sara Lee (NYSE: SLE), baser in the Chicago suburb ofDownersx Grove, Ill., said in a Fridag release that it expects the plant at 4612 Speaker Road to become fully operational by 2011. Brent Miles, president of the , said Friday that Sara Lee was grantedda 10-year, 75 percent propertuy tax abatement on $31 million of plannedd improvements at the plant. The abatement’s valude is $9.67 million, he said. In return, the compan y agreed hire 55 percent ofthe plant’s workersz from Wyandotte County.
“This industry-leading facilitty will reinforce our competitive advantagein value-adde d meats, one of Sara Lee’ s top strategic categories and long-term growth CJ Fraleigh, executive vice president and CEO of Sara Lee’s Nortb 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 premiujm lunchmeat.” Omaha-based ConAgra Foods CAG) that it had agreed to sell its refrigerated meat including the Kansas City, Kan., to (NYSE: SFD) of Smithfield, Va., owner of Kansaes City-based , for $575 million in cash and stock.
Sara Lee’s brandzs include Ambi Pur, Ball Park, Douwe Egberts, Hillshire Farm, Jimmy Dean, Kiwi, Sanex, Sara Lee and Combined, the brands generate more than $13 billiob in annual net sales covering abouft200 countries. Sara Lee has 44,000 employeed worldwide.
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