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Companies in Brief

This article was originally published in The Public Ledger

SARA Lee will sell part of its North American foodservice coffee business to JM Smucker for $350m as it continues to shed nonessential units ahead of its split into two firms – a meat one, and a tea and coffee one. Sara Lee is selling units with $285m in sales (of the $530m total) as it was a “challenge” to compete in foodservice, since it is largely unbranded. The deal will close in early 2012.

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