Sara Lee Expands Reach In Premium Tea Market

Law360, New York (January 3, 2012, 8:22 PM EST) -- Consumer goods giant Sara Lee Corp. has snagged Boston-based luxury tea maker Tea Forte, giving it a foothold in the fast-growing market for premium teas, Sara Lee announced Tuesday.

The Dutch company bought Tea Forte, which lists $12 million in annual revenue, for an undisclosed sum. Sara Lee said it plans to retain the tea maker's current management team to run the business independently before integrating it into its international coffee and tea operations.

The acquisition is part of a strategic plan Sara Lee announced last...
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