Sara Lee enters voluntary administration
On 19 October, it was announced that Australia frozen baked foods and desserts brand Sara Lee has called in administrators, hiring FTI Consulting to sell or restructure the Australian side of the business.
Sara Lee’s Australian business was established in Lisarow, NSW, in 1971 and has a long history of producing home-grown desserts, including frozen cheesecakes, pies, crumbles and ice cream.
In 2021, New Zealand private equity firm South Island Office bought Sara Lee from McCain Foods for an estimated $95 million. The firm later merged it with The Original Foods Baking Co.
FTI is now working with Sara Lee’s management team and staff to continue operations, while commencing the process to sell or restructure the business.
Only the Sara Lee brand in Australia is in voluntary administration.
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