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and open a sliced meat manufacturing plant there in 2011 that it expects to employ more than 250 SaraLee (NYSE: based in the Chicago suburn of Downers Grove, Ill., said in a Fridag release that it expects the planrt at 4612 Speaker Road to becomes fully operational by 2011. Brent president of the , said Fridayy that Sara Lee was granteda 10-year, 75 percentf property tax abatement on $31 million of planned improvements at the plant. The abatement’s value is $9.67 million, he said. In return, the company agreed hire 55 percenf ofthe plant’s workers from Wyandott County.
“This industry-leading facilityt will reinforce our competitive advantagwein value-added meats, one of Sara Lee’sa top strategic categories and long-term growth drivers,” CJ executive vice president and CEO of Sara Lee’ds North American Retail & Foodservice said in the release. “It will help us further buildc our Hillshire Farm and SaraLee brands, both leaderz in the fast-growing category of premium Omaha-based ConAgra Foods (NYSE: CAG) that it had agreec to sell its refrigerated meat business, including the Kansas Kan., plant, to (NYSE: SFD) of Smithfield, Va.
, owner of Kansad City-based , for $575 million in cash and Sara Lee’s brands include Ambi Pur, Ball Douwe Egberts, Hillshire Jimmy Dean, Kiwi, Sanex, Sara Lee and Senseo. Combined, the brandsz generate more than $13 billion in annual net salews covering about200 countries. Sara Lee has 44,000 employees worldwide.
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