Sara Lee Corp. is selling its U.S. Direct Store Delivery Foodservice coffee business to Farmer Bros. Co.. The $45 million sale involves only the business that delivers coffee directly to sites. Sara Lee will retain the portion delivered through third parties.
As part of the transaction, the Superior Coffee, Cain's, Ireland, Justin Lloyd, McGarvey, Metropolitan, Prebica, Suntipt (U.S. only), Wechsler, Cafe Royal and Royal Kona brands will be sold to Farmer Bros., which will license the