McCain, the world leader of frozen french fries and Forno de Minas, the leader in cheese breads, entered into an agreement under which McCain will acquire a 49 percent interest in Forno de Minas.
The Hillshire Brands Co., Chicago, is selling Kitchens of Sara Lee Pty. Ltd. to McCain Foods Pty. Ltd., Ballarat, Australia. The transaction will enable Hillshire Brands to focus on innovation and growth in key categories.