Families around the country were devastated when Sara Lee announced it was going into administration.
The Australian and New Zealand branch of the company has been trading since 1971 but announced it was going into voluntary administration last year.
Since then, the administrators have been trying to find a buyer for this popular brand and it found one, in the form of Klark and Brooke Quinn, who bought the brand through a private company.
“We are a small Aussie family that shared in the tradition of having Sara Lee Apple Pie and vanilla ice-cream every Sunday night at the dinner table and could not be more proud to put the Aussie made and owned stamp on the Sara Lee brand,” the Quinns said in a statement.
The Quinn family also bought the Darrell Lea company in 2012 when that iconic brand went into administration. The Quinns returned the brand to profit and sold it to a private equity company for $200 million.
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