Source:
Ingredients Network®
January 26 2012 --- Sara Lee Corp. plans to buy full ownership of the Senseo coffeemaker trademark from partner Royal Philips Electronics NV as the U.S. food producer prepares its coffee business for a spinoff.
Sara Lee will pay Philips 170 million euros ($223 million) for the 50 percent Philips currently owns in the Senseo trademark and Philips will be the exclusive Senseo coffee machine manufacturer and distributor until 2020, the companies said in joint statement today.
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