Sara Lee Frozen Bakery has signed a definitive agreement to acquire Spokane, Washington-based pie maker Cyrus O’Leary’s Pies. The transaction is the latest in a series of initiatives at Sara Lee Frozen Bakery aimed at growing its presence in the in-store bakery (I.S.B.) category, which began last August with the acquisition of Superior Cake Products, Inc.
The Hershey Company has entered into a definitive agreement to acquire ONE Brands, LLC, the maker of low-sugar, high-protein nutrition bars. The acquisition is expected to enable Hershey to provide a competitive offering in the nutrition bar category.