Sara Lee Corp. agreed to buy Quaker Oats Co.'s Continental Coffeeunit, as it seeks to sell more coffee and tea to U.S. restaurants,cafeterias, shopping club stores and other food-service accounts.
Financial terms weren't disclosed. Continental Coffee, with aroasting factory in Houston, has about $149 million in sales underthe Continental, Cafe Continental, World's Best, Snowman, MarylandClub, Churchill, Butternut and Gold Coast brands. The purchase isexpected to be completed in September.
Chicago-based Sara Lee said it would merge Continental Coffeeinto its U.S.-based Superior Coffee unit, which had about $500million in annual revenue, which represents almost all …
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