Private-equity firm Kohlberg & Co. is buying Tyson Foods Inc.’s Sara Lee frozen bakery and Van’s waffle businesses, and plans to put former Sara Lee official C.J. Fraleigh in charge of the operations. Financial terms weren’t disclosed Friday. The deal, expected to close in the fourth quarter, falls in line with Tyson’s plans to narrow...

Source: Wall Street Journal June 01, 2018 22:25 UTC