Hillshire Brands
hillshire brands

Fortune 500 rank: 288

The second food industry spinoff on our list comes from Sara Lee. The company -- known for Ball Park hot dogs and Jimmy Dean sausages and breakfast sandwiches -- bundled its meat, cheese, cake, and sandwich brands into Hillshire Brands. The remaining baked goods and beverages division was rolled into the internationally focused D.E. Master Blenders 1753. Since the split in June 2012, Hillshire's stock has risen steadily, delivering a premium of over 15% since it debuted at $28 a share. The company is expected to pull in over $4 billion in revenue in 2013.

  @FortuneMagazine - Last updated May 06 2013 12:46 PM ET
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