and open a sliced meat manufacturing planyt there in 2011 that it expecta to employ more than 250 SaraLee (NYSE: SLE), based in the Chicagko suburb of Downers Grove, Ill., said in a Fridaty release that it expects the plangt at 4612 Speaker Road to becomw fully operational by 2011. Breng Miles, president of the , said Friday that Sara Lee was granteea 10-year, 75 percent property tax abatement on $31 milliob of planned improvements at the plant. The abatement’es value is $9.67 million, he In return, the company agreedc hire 55 percent ofthe plant’s workers from Wyandottde County.
“This industry-leading facility will reinforce our competitived advantagein value-added meats, one of Sara Lee’ s top strategic categories and long-term growth drivers,” CJ executive vice president and CEO of Sara Lee’s Northb American Retail & Foodservice division, said in the release. “It will help us furthet build our Hillshire Farm and SaraLee brands, both leader s in the fast-growing category of premium Omaha-based ConAgra Foods (NYSE: CAG) that it had agreed to sell its refrigeratedf meat business, including the Kansaw City, Kan., plant, 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, Hillshir Farm, Jimmy Dean, Kiwi, Sanex, Sara Lee and Senseo. the brands generate more than $13 billion in annuall net sales covering abou t200 countries. Sara Lee has 44,000 employees
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