Sara Lee to buy baking company for $72 million
Sara Lee Corp., has agreed to buy the privately-held Butter-Krust Baking for $72 million, the Associated Press reports. Sara Lee said the acquisition of Sunbury, Pa.-based Butter-Krust, which had more than $80 million in sales last year, will enable it to expand its mid-Atlantic distribution coverage. The deal also includes 12 distribution depots and approximately 180 direct-store delivery routes. Founded in 1920, Butter-Krust produces white bread and buns and Italian bread at its two plants in Sunbury and Northumberland, Pennsylvania. It markets its products under the Holsum, Butter-Krust Country, Roman Meal and Milano brands in most of Pennsylvania and parts of Maryland, Virginia, West Virginia, New York, New Jersey and Delaware.