Sun to Buy Sara Lee Europe
Boca Raton, Fla.–based private investment firm Sun Capital Partners Inc. is negotiating to buy Winston-Salem, N.C.–based Sara Lee Corp.’s branded apparel business in Europe. The deal would not affect Sara Lee’s branded apparel business in the United States. The announcement about the deal comes on the heels of news that Sara Lee has acquired a yarn and textile production company, National Textiles LLC in Winston-Salem, and DFK Trading Corp., an Asian sourcing company based in Hong Kong. Sara Lee announced earlier this year that it plans to spin off its apparel business in North and South America and in Asia in mid- 2006. The company plans to eventually focus on its food, beverage, household and body care business.
