UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 3)
JP Foodservice, Inc.
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(Name of Issuer)
Common Stock Par Value $.01 Per Share
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(Title of Class of Securities)
466232 10 5
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(CUSIP Number)
Janet Langford Kelly, Senior Vice President, Secretary
and General Counsel
Sara Lee Corporation, Three First National Plaza,
Chicago, Illinois 60602
312/726-2600
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(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
November 30, 1995
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(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on
Schedule 13G to report the acquisition which is the
subject of this Schedule 13D, and is filing this schedule
because of Rule 13d-1(b)(3) or (4) check the following
box. ( )
Check the following box if a fee is being paid with the
statement ( ) (A fee is not required only if the
reporting person: (1) has a previous statement on file
reporting beneficial ownership of more than five percent
of the class of securities described in Item 1; and (2)
has filed no amendment subsequent thereto reporting
beneficial ownership of five percent or less of such
class.) (See Rule 13d-7.)
SCHEDULE 13D
CUSIP No. 466232 10 5
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
Sara Lee Corporation 36-208-9049
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2 CHECK THE APPROPRIATE BOX IF A MEMBER
OF A GROUP* (a) ( )
(b) (X)
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
OO
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5 CHECK BOX IF DISCLOSURE OF LEGAL
PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e) ( )
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Maryland
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7 SOLE VOTING POWER
NUMBER
5,138,210
OF -------------------------------------
8 SHARED VOTING POWER
SHARES
-0-
BENEFICIALLY -------------------------------------
OWNED BY 9 SOLE DISPOSITIVE POWER
EACH 5,138,210
------------------------------------
REPORTING
10 SHARED DISPOSITIVE POWER
PERSON
-0-
WITH
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY
EACH REPORTING PERSON
5,138,210
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12 CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES* ( )
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13 PERCENT OF CLASS REPRESENTED BY
AMOUNT IN ROW (11)
32.3%
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14 TYPE OF REPORTING PERSON*
CO
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* SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO
ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE,
AND THE SIGNATURE ATTESTATION.
ITEM 1. SECURITY AND ISSUER
Item 1 of Schedule 13D (as defined below) is
hereby amended in its entirety as follows:
This Amendment No. 3 to Schedule 13D relates to
the Common Stock, par value $0.01 per share (the "Common
Stock"), of JP Foodservice, Inc., a Delaware corporation
(the "Issuer"), and is being filed on behalf of Sara Lee
Corporation to amend the Schedule 13D, filed on November
30, 1994 and amended by Amendment No. 1 thereto filed on
December 16, 1994 and Amendment No. 2 thereto filed on
September 14, 1995 (such Schedule 13D as so amended being
referred to herein as the "Schedule 13D"). Unless
otherwise indicated, all capitalized terms used but not
defined herein shall have the respective meanings set
forth in the Schedule 13D.
ITEM 2. IDENTITY AND BACKGROUND
Item 2 of Schedule 13D is hereby amended in its
entirety as follows:
(a)-(c) This Schedule 13D is filed by
Sara Lee Corporation, a Maryland corporation. Sara Lee
Corporation is a global food and consumer products
company which markets a variety of products under leading
brand names, including Hanes, Isotoner, Coach, L'eggs,
Dim, Bali, Playtex, Champion, Kiwi, Hillshire Farm, Ball
Park, Jimmy Dean, Douwe Egberts and Sara Lee. The
address of Sara Lee Corporation's principal business and
principal office is Three First National Plaza, Suite
4600, Chicago, Illinois 60602.
The name, address and present principal
occupation of each of the directors and executive
officers of Sara Lee Corporation are set forth in
Appendix I which is attached hereto.
(d) During the last five years, neither
Sara Lee Corporation, nor to the best of its knowledge,
any director or executive officer of Sara Lee
Corporation, has been convicted in a criminal proceeding
(excluding traffic violations or similar misdemeanors).
(e) During the last five years, neither
Sara Lee Corporation, nor to the best of its knowledge,
any director or executive officer of Sara Lee
Corporation, has been a party to any civil proceeding of
a judicial or administrative body of competent
jurisdiction that resulted in Sara Lee Corporation or
such person (i) being subject to a judgement, decree or
final order enjoining future violation of, or prohibiting
or mandating activities subject to, federal or state
securities laws or (ii) being found in violation with
respect to such laws.
(f) Except as provided in Appendix I
attached hereto, each director and executive officer
of Sara Lee Corporation is a citizen of the United
States.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER
CONSIDERATION
Item 3 of Schedule 13D is hereby amended in its
entirety as follows:
The information contained under the headings
"The Recapitalization" on pages 13 and 14 of the
Prospectus dated November 15, 1994, included in the
Issuer's Registration Statement on Form S-1 (Registration
No. 33-82724) (the "Prospectus") and "Management--Compensation
Committee Interlocks and Insider Participation--Common Stock
Issuances in Recapitalization," "Certain Transactions--
Acquisition," and "Certain Transactions--Exchange" on pages
47, 49 and 50 of the Prospectus, is hereby incorporated by
reference.
As more fully described in Item 4 hereto, this
Amendment No. 3 to Schedule 13D relates to the Proposed
Transaction (as defined in Item 4) pursuant to which Sara
Lee Corporation would acquire beneficial ownership of
52,393,108 newly-issued shares of Common Stock of the
Issuer in consideration for Sara Lee Corporation's
foodservice distribution business, which is operated
through PYA/Monarch, Inc., an indirect, wholly-owned
subsidiary of Sara Lee Corporation ("PYA/Monarch").
ITEM 4. PURPOSE OF TRANSACTION
Item 4 of Schedule 13D is hereby amended in its
entirety as follows:
The events which required the original filing
of this Schedule 13D were the registration of the Common
Stock under the Securities Exchange Act of 1934, together
with the conversion into Common Stock of certain debt of
the Issuer held by Sara Lee Corporation (see Item 3
above). The event which required the filing of Amendment
No. 1 to Schedule 13D was Sara Lee Corporation's
acquisition of 1,083,462 additional shares of Common
Stock. The event which required the filing of Amendment
No. 2 to Schedule 13D was the contribution of 1,000,000
shares of Common Stock beneficially owned by Sara Lee
Corporation to the Sara Lee Foundation, an Illinois
nonprofit corporation.
On November 30, 1995, Sara Lee Corporation made
a proposal (the "Proposal") to the Board of Directors of
the Issuer to combine the businesses of the Issuer and
PYA/Monarch, Sara Lee Corporation's foodservice
distribution business, in a transaction (the "Proposed
Transaction") pursuant to which Sara Lee Corporation
would receive 52,393,108 newly-issued shares of Common
Stock of the Issuer. The Proposed Transaction would
result in Sara Lee Corporation owning approximately 84%
of the outstanding Common Stock of the Issuer, with the
remaining approximately 16% continuing to be held by the
public. The Proposal is attached hereto as Exhibit 6 and
the press release announcing the Proposal is attached hereto
as Exhibit 7.
The Proposed Transaction is subject to the
negotiation of a definitive agreement or agreements and
the approval of the Board of Directors of Sara Lee
Corporation and the Board of Directors and shareholders
of the Issuer. Sara Lee Corporation expects that the
Board of Directors of the Issuer will act to form a
Special Committee (the "Special Committee") comprised of
its independent directors to consider the Proposed
Transaction.
Although Sara Lee Corporation believes that the
Common Stock which it beneficially owns is an attractive
investment and that the Proposed Transaction would be
beneficial to and in the best interests of all of the
shareholders of Sara Lee Corporation and the Issuer, Sara
Lee Corporation will continue to monitor and evaluate its
investment in the Issuer and the terms and advisability
of consummating the Proposed Transaction in light of
pertinent factors, including the following: (i) the
Issuer's business, operations, assets, financial
condition and prospects; (ii) PYA/Monarch's business,
operations, assets, financial condition and prospects;
(iii) market, general economic and other conditions; and
(iv) other investment opportunities available to Sara Lee
Corporation. In light of the foregoing factors, other
circumstances arising from time to time and the ongoing
plans and requirements of Sara Lee Corporation, Sara Lee
Corporation may determine to (i) acquire additional
securities of the Issuer, (ii) increase or decrease its
participation in the determination of the Issuer's
management and policies or replace one or more of its
representatives on the Board of Directors of the Issuer
with other Sara Lee Corporation representatives, (iii)
withdraw or amend the Proposal or (iv) propose a
different transaction with the Issuer, including a
merger, consolidation, joint venture or other business
combination involving the Issuer or its subsidiaries or
divisions or a sale or purchase of assets or securities
of the Issuer or its subsidiaries or divisions or other
similar actions. Sara Lee Corporation does not intend to
dispose of any or all of the securities of the Issuer it
beneficially owns.
Except as described above, Sara Lee Corporation
does not have either plans or proposals that relate to or
would result in: (i) the acquisition by any person of
additional securities of the Issuer, or the disposition
of securities of the Issuer; (ii) an extraordinary
corporate transaction, such as a merger, reorganization
or liquidation, involving the Issuer or any of its
subsidiaries; (iii) a sale or transfer of a material
amount of assets of the Issuer or any of its
subsidiaries; (iv) any change in the present board of
directors or management of the Issuer, including any
plans or proposals to change the number or term of
directors or to fill any existing vacancies on the board;
(v) any material change in the present capitalization or
dividend policy of the Issuer; (vi) any other material
change in the Issuer's business or corporate structure;
(vii) changes in the Issuer's charter or bylaws or other
actions which may impede the acquisition of control of
the Issuer by any person; (viii) a class of securities of
the Issuer being delisted from a national securities
exchange or ceasing to be authorized to be quoted in an
inter-dealer quotation system of a registered national
securities association; (ix) a class of equity securities
of the Issuer becoming eligible for termination of
registration pursuant to Section 12(g)(4) of the
Securities Exchange Act of 1934; or (x) any action
similar to any of those enumerated above.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
Item 5 of Schedule 13D is hereby amended in its
entirety as follows:
(a) According to the Issuer's Form 10-Q
for the quarter ended October 1, 1995, as of November 1,
1995, there were 15,931,655 shares of Common Stock
outstanding. As of the date hereof, Sara Lee Corporation
beneficially owns 5,138,210 (or 32.3%) of such shares.
(b) Sara Lee Corporation has the sole
power to direct the vote of, and the sole power to direct
the disposition of, the 5,138,210 shares of Common Stock
beneficially owned by it. The Common Stock beneficially
owned by Sara Lee Corporation is held of record by
PYA/Monarch, Inc., a Delaware corporation and a wholly-
owned subsidiary of PYA Holding, Inc., a Delaware
corporation and a wholly-owned subsidiary of Sara Lee
Corporation.
(c) Neither Sara Lee Corporation, nor to
the best of its knowledge, any director or executive
officer of Sara Lee Corporation, has engaged in any
transaction in the Common Stock of the Issuer during the
past 60 days.
(d) No other person is known to have the
right to receive or the power to direct the receipt of
dividends from, or the proceeds from the sale of, the
shares of Common Stock beneficially owned by Sara Lee
Corporation.
(e) Not applicable.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDING OR
RELATIONSHIPS WITH RESPECT TO THE SECURITIES OF
THE ISSUER
Item 6 of Schedule 13D is not being amended.
ITEM 7. MATERIALS TO BE FILED AS EXHIBITS.
Item 7 of Schedule 13D is hereby amended in its
entirety as follows:
Exhibit 1 Pages 13-15, 41, 47, 49-50 and 55 of
the Prospectus1
Exhibit 2 Board Membership Agreement, dated
as of November 15, 1994, between
Sara Lee Corporation and the
Issuer1
Exhibit 3 Conversion Agreement, dated as of
November 15, 1994, among Sara Lee
Corporation, the Issuer and the
other stockholders of the Issuer
prior to the initial public
offering1
Exhibit 4 Lock-Up Agreement, dated November
18, 1994, among Sara Lee
Corporation and the
Representatives and Lead Managers
named therein1
Exhibit 5 Registration Rights Agreement,
dated as of November 22, 1994,
among the Issuer, Sara Lee
Corporation and the other
stockholders named therein1
Exhibit 6 Proposal, dated November 30, 1995,
from Sara Lee Corporation to
Issuer
Exhibit 7 Press Release, dated November 30, 1995
____________________
1 Previously filed.
After reasonable inquiry and to the best of my
knowledge and belief, I certify that the information set
forth in this statement is true, complete and correct.
Date: November 30, 1995
/s/ Janet Langford Kelly
-------------------------
Signature
Janet Langford Kelly, Senior Vice President,
Secretary and General Counsel
__________________________________________________________________________
APPENDIX I
Directors and Executive Officers of Sara Lee Corporation
Set forth below are the names, addresses and
present principal occupations of each director and
executive officer of Sara Lee Corporation.
Paul A. Allaire, whose address is 800 Long
Ridge Road, Stamford, CT 06904, is the Chairman and Chief
Executive Officer of Xerox Corporation. Mr. Allaire is
also a Director of Sara Lee Corporation.
Frans H.J.J. Andriessen, whose address is KPMG
European Business Center, Avenue Louise 54, B-1050
Brussels, Belgium, is a Professor of European Integration
at the University of Utrecht in the Netherlands. Mr.
Andriessen is also a Director of Sara Lee Corporation.
Mr. Andriessen is a citizen of the Netherlands.
John H. Bryan, whose address is Three First
National Plaza, Suite 4600, Chicago, Illinois 60602, is
Chairman of the Board and Chief Executive Officer of Sara
Lee Corporation. Mr. Bryan is also a Director of Sara
Lee Corporation.
Duane L. Burnham, whose address is 100 Abbott
Park Road, Abbott Park, IL 60064, is Chairman of the
Board and Chief Executive Officer of Abbott Laboratories.
Mr. Burnham is also a Director of Sara Lee Corporation.
Charles W. Coker, whose address is North 2nd
Street, Hartsville, SC 29550, is Chairman of the Board
and Chief Executive Officer of Sonoco Products Company.
Mr. Coker is also a Director of Sara Lee Corporation.
Willie D. Davis, whose address is 161 North La
Brea Avenue, Inglewood, CA 90301, is President of All-Pro
Broadcasting, Inc., a privately owned company. Mr. Davis
is also a Director of Sara Lee Corporation.
Donald J. Franceschini, whose address is Three
First National Plaza, Suite 4600, Chicago, Illinois
60602, is Executive Vice President of Sara Lee
Corporation. Mr. Franceschini is also a Director of Sara
Lee Corporation.
Gary C. Grom, whose address is Three First National
Plaza, Chicago, Illinois 60602, is Senior Vice President-Human
Resources of Sara Lee Corporation.
Joseph E. Heid, whose address is Three First National
Plaza, Chicago, Illinois 60602, is Senior Vice President of Sara
Lee Corporation.
Allen F. Jacobson, whose address is c/o Sara
Lee Corporation, Three First National Plaza, Chicago,
Illinois 60602, is retired. Mr. Jacobson is also a
Director of Sara Lee Corporation.
Vernon E. Jordan, Jr., whose address is 1333
New Hampshire Avenue, N.W., Suite 400, Washington, D.C.
20036, is a senior partner of the Washington, D.C. law
firm of Akin, Gump, Strauss, Hauer & Feld L.L.P. Mr.
Jordan is also a Director of Sara Lee Corporation.
Janet L. Kelly, whose address is Three First National
Plaza, Chicago, Illinois 60602, is Senior Vice President,
Secretary and General Counsel of Sara Lee Corporation.
James L. Ketelsen, whose address is c/o Sara
Lee Corporation, Three First National Plaza, Chicago,
Illinois 60602, is retired. Mr. Ketelsen is also a
Director of Sara Lee Corporation.
Hans B. van Liemt, whose address is c/o Sara
Lee Corporation, Three First National Plaza, Chicago,
Illinois 60602, is retired. Mr. van Liemt is also a
Director of Sara Lee Corporation. Mr. van Liemt is a
citizen of the Netherlands.
Joan D. Manley, whose address is c/o Sara Lee
Corporation, Three First National Plaza, Chicago,
Illinois 60602, is retired. Mrs. Manley is also a
Director of Sara Lee Corporation.
Mark J. McCarville, whose address is Three First
National Plaza, Chicago, Illinois, 60602, is Senior Vice
President-Corporate Development of Sara Lee Corporation.
C. Steven McMillan, whose address is Three
First National Plaza, Suite 4600, Chicago, Illinois
60602, is Executive Vice President of Sara Lee. Mr.
McMillan is also a Director of Sara Lee Corporation.
Frank L. Meysman, whose address is Three First
National Plaza, Suite 4600, Chicago, Illinois 60602, is
Senior Vice President of Sara Lee Corporation. Mr. Meysman
is a citizen of Belgium.
Newton N. Minow, whose address is One First
National Plaza, Chicago, Illinois 60603, is counsel to
the Chicago law firm of Sidley & Austin. Mr. Minow is
also a Director of Sara Lee Corporation.
Michael E. Murphy, whose address is Three First
National Plaza, Suite 4600, Chicago, Illinois 60602, is
Vice Chairman and Chief Administrative Officer of Sara
Lee Corporation. Mr. Murphy is also a Director of Sara
Lee Corporation.
Sir Arvi H. Parbo A.C., whose address is 360
Collins Street, Melbourne, Victoria 3000, Australia, is
Chairman of Western Mining Corporation Holdings Limited,
and also Chairman of Alcoa of Australia Limited, Munich
Reinsurance Company of Australia Limited and Zurich
Australian Insurance Group. Sir Arvi is also a Director
of Sara Lee Corporation. Sir Arvi is a citizen of Australia.
Rozanne L. Ridgway, whose address is 910 17th
Street, N.W., Washington, D.C. 20006, is Co-Chair of The
Atlantic Council of the United States and Chair of the
Baltic American Enterprise Fund. Ambassador Ridgway is
also a Director of Sara Lee Corporation.
Judith A. Sprieser, whose address is Three
Financial Center, Chicago, Illinois 60602, is Senior
Vice President and Chief Financial Officer of Sara Lee
Corporation.
Richard L. Thomas, whose address is One First
National Plaza, Chicago, Illinois 60670, is Chairman of
the Board and Chief Executive Officer of First Chicago
Corporation and its subsidiary, the First National Bank
of Chicago. Mr. Thomas is also a Director of Sara Lee
Corporation.
____________________________________________________________________________
Exhibit Index
Exhibit No. Exhibit
6 Proposal, dated November
30, 1995, from Sara Lee
Corporation to Issuer
7 Press Release, dated
November 30, 1995
___________________________________________________________________________
Exhibit 6
November 30, 1995
The Board of Directors
JP Foodservice, Inc.
9830 Patuxent Woods Drive
Columbia, Maryland 21406
Ladies and Gentlemen:
Sara Lee Corporation ("Sara Lee") proposes that Sara Lee
and JP Foodservice, Inc. ("JP Foodservice") explore a
transaction pursuant to which the businesses of
PYA/Monarch, Inc., an indirect, wholly-owned subsidiary
of Sara Lee ("PYA/Monarch"), and JP Foodservice would be
combined. James L. Miller recently raised with us the possible
benefits of a combination of these businesses and following
our review of the benefits of such a combination, we are
pleased to make this proposal.
Sara Lee proposes that the businesses of JP Foodservice
and PYA/Monarch be combined in a transaction pursuant to
which Sara Lee would receive 52,393,108 newly-issued
shares of common stock of JP Foodservice, based on the
average of the daily high and low prices of
JP Foodservice common stock as reported on the Nasdaq
National Market for the twenty consecutive trading days
ending on November 29, 1995. This represents a value of
$946 million for PYA/Monarch after taking into
consideration approximately $125 million of indebtedness
of PYA/Monarch to third parties at the closing of the
proposed transaction. The proposed transaction would
result in Sara Lee owning approximately 84% of the
outstanding common stock of JP Foodservice, with the
remaining approximately 16% continuing to be held by the
public stockholders of JP Foodservice.
We anticipate that the Board of Directors of
JP Foodservice will act to form a Special Committee (the
"Special Committee") comprised of its independent
directors to consider our proposal. We are prepared to
negotiate all aspects of the proposed transaction with
the Special Committee. This proposal represents an
expression of our interest and is not a binding
commitment. A binding agreement regarding the proposal
would be reflected only in a definitive agreement relating
to the proposed transaction. We understand that the final
terms of any such agreement would be subject to the
approval of the Special Committee and would also require
the approval of the stockholders of JP Foodservice. Such
a binding agreement would also be subject to the approval
of the full Board of Directors of Sara Lee.
Sara Lee is enthusiastic about the prospect of combining
JP Foodservice and PYA/Monarch. We believe that the
strategic combination of these businesses will create
synergies, costs savings and other benefits and is in the
best interests of all of the owners of the combined
companies. Based on our discussions with senior
management of JP Foodservice, we believe that senior
management of JP Foodservice is also excited about the
prospect of combining JP Foodservice and PYA/Monarch and
shares our view of the benefits of such a combination.
While we understand that the Special Committee will give
this proposal careful review, we believe that it is
important for the parties involved to move the process
forward expeditiously. I and the other members of the
senior management of Sara Lee are available to discuss
this proposal with you and your representatives and to
promptly proceed to negotiate a definitive agreement. We
are prepared to provide JP Foodservice with immediate
access to PYA/Monarch to conduct your due diligence and
we hereby request access to JP Foodservice in order to
conduct our due diligence review as well.
Please let me know at your earliest convenience how you
wish to proceed.
Sincerely,
/s/ C. Steven McMillan
--------------------------
C. Steven McMillan
Executive Vice President
___________________________________________________________________________
Exhibit 7
Kate Gace
Sara Lee Corporation
312/558-8421
SARA LEE CORPORATION BEGINS DISCUSSIONS
WITH JP FOODSERVICE, INC. REGARDING COMBINING
JP FOODSERVICE WITH PYA/MONARCH
CHICAGO, November 30, 1995 - Sara Lee Corporation today
announced that it is commencing discussions with JP
Foodservice, Inc. regarding a proposal to combine
JP Foodservice and Sara Lee's foodservice distribution
business, PYA/Monarch.
According to the proposal, Sara Lee Corporation would
receive 52,393,108 newly-issued shares of JP Foodservice
common stock in exchange for merging PYA/Monarch with
JP Foodservice. Based on the average of the high and low
prices of JP Foodservice stock for the 20 consecutive
trading days ending November 29, 1995, this represents a
value of $946 million for PYA/Monarch after taking into
consideration approximately $125 million of debt owed by
PYA/Monarch to third parties at the closing of the
proposed transaction.
The merged entity, in which Sara Lee Corporation
would be the majority shareholder, would continue to be
publicly held.
Sara Lee Corporation expects that the board of
directors of JP Foodservice will appoint a Special
Committee of independent directors to evaluate the
proposal. In addition, the proposed transaction would be
subject to the approval of the stockholders of JP
Foodservice and Sara Lee Corporation's board of directors.
At this time, there can be no assurance that any specific
transaction will be agreed upon and completed.
"This merger would create valuable operating,
purchasing and customer service synergies," said C. Steven
McMillan, executive vice president of Sara Lee
Corporation. "Integrating PYA/Monarch and JP Foodservice
would result in new efficiencies, increased purchasing
power and an expanded capability to service national
accounts."
JP Foodservice, Inc. is the nation's seventh-largest
distributor of food and related products to restaurants
and other foodservice establishments in the Mid-Atlantic,
Midwest and northeastern United States.
- more -
PYA/Monarch, a wholly-owned subsidiary of Sara Lee
Corporation, is the leading foodservice distributor in the
southeastern United States. PYA/Monarch distributes dry,
refrigerated and frozen foods, paper supplies and
foodservice equipment to customers throughout the South,
Midwest and East.
Sara Lee Corporation, a global food and consumer
products company with $17.7 billion in annual sales,
markets a variety of products under leading brand names
including Hanes, Hanes Her Way, L'eggs, Bali, Champion,
Playtex, Dim, Kiwi, Hillshire Farm, Ball Park, Douwe
Egberts and Sara Lee.
# # #
