J.M. Smucker to Buy Sara Lee Coffee Unit

ORRVILLE, Ohio — The J.M. Smucker Co. said Monday it has agreed to acquire a majority of the North American foodservice coffee and hot beverage business of Sara Lee Corp. for about $400 million.

The acquisition includes Sara Lee¹s liquid coffee concentrate business sold under the licensed Douwe Egberts brand, along with a variety of roast and ground coffee, cappuccino, tea and cocoa products sold through foodservice channels in North America. In addition, the c

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