Kohlberg to buy Tyson's Sara Lee frozen bakery, Van's businesses

Tyson Foods Inc said June 1 that it agreed to sell Sara Lee frozen bakery and its Van’s businesses to Kohlberg & Co. Financial terms weren’t announced. The deal includes the Chef Pierre®, Bistro Collection® and Van’s® brands, and a license to use the Sara Lee® brand in certain channels. The transaction also includes Tyson’s Tarboro, North Carolina and Traverse City, Michigan prepared foods facilities and a sales office in Canada. Rothschild & Co advised Tyson.

DealsNorth AmericaUSBriefs