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and open a sliced meat manufacturingy plant there in 2011 that it expectse to employ more than250 people. Sara Lee SLE), based in the Chicago suburbh ofDowners Grove, Ill., said in a Fridah release that it expects the planrt at 4612 Speaker Road to becomes fully operational by 2011. Brent Miles, president of the , said Fridayy that Sara Lee was granteda 10-year, 75 perceny property tax abatement on $31 million of planned improvementss at the plant. The abatement’s value is $9.667 million, he said. In return, the company agreec hire 55 percent ofthe plant’s workerd from Wyandotte County.
“This industry-leading facility will reinforc our competitive advantagein value-added meats, one of Sara Lee’ds top strategic categories and long-termm growth drivers,” CJ Fraleigh, executive vice president and CEO of Sara Lee’w North American Retail & Foodservice division, said in the “It will help us furthef build our Hillshire Farm and Sara Lee both leaders in the fast-growing category of premium lunchmeat.” Omaha-based ConAgra Foods (NYSE: CAG) that it had agreesd to sell its refrigerated meat business, including the Kansasa City, Kan., plant, to SFD) of Smithfield, Va., owner of Kansas City-bases , for $575 million in cash and stock.
Sara Lee’ brands include Ambi Pur, Ball Park, Douwe Hillshire Farm, Jimmy Dean, Kiwi, Sanex, Sara Lee and Combined, the brands generate more than $13 billion in annualk net sales covering about 200 Sara Leehas 44,000 employees worldwide.
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