The transaction is anticipated to close by the end of the year.
In May, Sara Lee announced that it was evaluating strategic options for this business, which provides a full range of private brand products, including basic and specialty biscuits, crescent rolls, pizza and pie crusts and toaster pastries.
Marcel Smits, CEO, Sara Lee Corp, said: “The sale of our North American Refrigerated Dough business to Ralcorp is another step forward for Sara Lee as we continue to prepare for our separation into two publicly traded companies. It will better enable our North American business to focus on its branded meats and frozen desserts products and establish a platform for a strong and independent future.”
Source: Sara Lee Corporation
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