Sara Lee (SLE), Kaffehuset Percolate Deal to Acquire House of Coffee Business from ISS A/S
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Sara Lee Corp. (NYSE: SLE) and its Norwegian joint venture partner Kaffehuset Friele announced they have entered into an agreement with ISS A/S to acquire the House of Coffee business.
The deal is expected to close before the end of calendar 2011 and is subject to customary conditions, including regulatory approval.
In connection with the sale, the parties have entered into a strategic partnership agreement to continue providing coffee vending services to the current House of Coffee customers in the Norwegian and Danish markets.
The deal is expected to close before the end of calendar 2011 and is subject to customary conditions, including regulatory approval.
In connection with the sale, the parties have entered into a strategic partnership agreement to continue providing coffee vending services to the current House of Coffee customers in the Norwegian and Danish markets.
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