Sara Lee sells to Australian family for $20.9m

Sara Lee has been making frozen desserts for more than 50 years. (Image: Janna Dixon)

Tue, 30 Jan 2024

The administrators of failed New Zealand-backed dessert maker Sara Lee have accepted an offer to buy the company from SLFC Investments and SLFC Brands for A$19.4 million (NZ$20.9m).The sale of the Australian company as a going concern became effective on Jan 29 with the paying of an A$1m deposit on the purchase. SLFC Investments and SLFC Brands are private companies wholly owned by the family office of Klark and Brooke Quinn. In 2012, the Quinn family bought Australian confectioner Darrell Lea out of voluntary administration and successful...

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