“Sara Lee Corp. is buying Brazilian coffee company Cafe Damasco for nearly $60 million as it continues to focus on its more-profitable coffee and meat businesses. The purchase of Cafe Damasco gives Sara Lee a stronger presence in Brazil, particularly in the south where the coffee company has a strong market position, Frank van Oers, CEO of Sara Lee’s international beverage and bakery business, said in a statement.
Sara Lee already has the Pilao and Caboclo coffee brands in the central regions of Sao Paulo and Rio de Janeiro. Its other Brazilian coffee brands include Cafe do Ponto, Moka, and Seleto.” – Business Week
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