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PRESS RELEASE: Sara Lee Corp restructures Liberty Fabrics, sells portion of business.
Sara Lee is to restructure its Liberty Fabrics business, including the divestiture of some assets and the closure of two facilities.
Liberty Fabrics had sales of $130 M in 2000; it manufactures fabric and lace.
Sara Lee is to sell its wide elastic production plant in Jamesville, NC, to McMurray Fabrics.
Sara Lee will …
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