Hillshire Brands
Brand
The Hillshire Brands Company is an American food company based in Chicago, Illinois. The company employs over 9000 people and generates nearly $4 billion in annual sales.
Hillshire Brands made its debut on June 29, 2012 after the former Sara Lee Corporation spun off its international coffee and tea division and renamed the remaining units of the company Hillshire Brands. It began trading on the NYSE that same day under the ticker HSH.
Subject ID: 63487
MoreThe Hillshire Brands Company is an American food company based in Chicago, Illinois. The company employs over 9000 people and generates nearly $4 billion in annual sales.
Hillshire Brands made its debut on June 29, 2012 after the former Sara Lee Corporation spun off its international coffee and tea division and renamed the remaining units of the company Hillshire Brands. It began trading on the NYSE that same day under the ticker HSH.
In May 2014, Hillshire Brands announced it was buying Pinnacle Foods for US$4.23 billion in a cash and stock deal. Pinnacle Foods brands include Birds Eye, Duncan Hines, Hungry-Man and Swanson frozen TV dinners, among many others. Days later, Pilgrim's Pride threatened the deal with its own bid for Hillshire Brands for $6.4 billion. To complicate matters further, on 29 May 2014, Tyson Foods announced a $6.13 billion cash bid for Hillshire Brands. On 9 June 2014 Hillshire announced it had received a revised bid from Tysons valuing the company at $8.55 billion. Pilgrim's Pride simultaneously announced it had withdrawn its bid.
Hillshire Brands is a manufacturer and marketer of packaged meat and frozen bakery products for the retail and foodservice markets, and a wholly owned subsidiary of Tyson Foods. The company's portfolio of brands include Jimmy Dean, Ball Park, Hillshire Farm, Kahns, State Fair, Sara Lee, Chef Pierre Pies, Aidells, Gallo Salame, and Golden Island Premium Jerky. Hillshire Brands paid $165 million to acquire Van's Natural Foods in April 2014.
Subject ID: 63487
Subject ID: 63487
