Business Transformation
The company in fiscal 2012 completed a significant business transformation to convert itself in a pure-play meat-centric foods company with operations primarily in the US. In June 2012, Hillshire Brands (formerly Sara Lee Corporation) completed the spin-off of its international coffee and tea business into an independent, publicly traded Dutch company named D.E MASTER BLENDERS 1753 N.V. (DEMB). The Spin-Off was completed by Sara Lee Corporation effecting a stock dividend of 100% of the outstanding shares of common stock of the U.S. subsidiary CoffeeCo, which manages the international coffee and tea business to holders of Sara Lee common stock. After which CoffeeCo merged with a subsidiary of DEMB.
Moreover, the company completed the divestitures of its
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The company is also subjected to certain health and safety regulations, including those issued under the Occupational Safety and Health Act. Hillshire Brands buys livestock, meat and poultry products and processed food ingredients from numerous sources based on factors such as price, quality and availability. Many of these products and processed food ingredients are subject to governmental agricultural programs. These programs have substantial effects on prices and supplies and are subject to US Congressional and administrative