USA: Campbell Soup acquires stake in pasta sauce manufacturer La Regina
Campbell Soup, the US-based food and beverage giant, has acquired a minority stake in La Regina di San Marzano, a leading producer of premium pasta sauces and a long-standing manufacturing partner for the Sovos Brands portfolio. The investment, valued at approximately $45 million (£35.6 million), strengthens Campbell’s supply chain following its $2.7 billion ($2.1 billion) […]
USA: Campbell Soup sells Pop Secret business to Our Home
Campbell Soup, a US producer of canned soups and other foods, has announced that it has sold its Pop Secret popcorn business to Our Home, a US-based snack company. The existing Our Home portfolio includes brands such as Food Should Taste Good, Popchips, Real Food From The Ground Up, You Need Yhis, RW Garcia, Good […]
USA: Campbell Soup closes plant, plans supply chain investments
US based food and beverage manufacturer Campbell Soup Company has announced an “optimisation plan to fuel growth” that includes the closure of a manufacturing plant in Oregon and supply chain investments elsewhere. In a press release, the company said the plan would enable improved return on capital, enhanced effectiveness and efficiency of both its manufacturing […]
USA: Campbell Soup acquires Sovos Brands
Campbell Soup, the US foods manufacturer, has announced the acquisition of Sovos Brands, a fellow packaged food company, in a deal worth around $2.7 billion. Sovos Brands offers a variety of # products including pasta sauces, dry pasta, soups, frozen meals, frozen pizza, and yohgurts under the brand names Rao’s, Michael Angelo’s and noosa. The […]
USA: Jimmy’s Cookies acquires Ecce Panis from Campbell Soup
US-based manufacturer of branded and private label biscuits Jimmy’s Cookies has entered into an agreement to acquire artisan bread brand Ecce Panis from Campbell Soup. The acquisition includes Ecce Panis’ bakery facility, which will double Jimmy’s Cookies’ manufacturing capacity for its gourmet biscuit business. “The addition of the Ecce Panis brand is consistent with our […]
USA: Campbell Soup to offload European crisps business
Campbell Soup, the US foods manufacturer, is continuing to shed non-core businesses, this time striking a deal to offload its European crisps business, including the Kettle brand, to the Irish firm Valeo Foods. The US company said it would use the proceeds from the sale, which is valued at around £66 million ($79 million) to reduce […]
USA: Campbell Soup sells remaining Campbell International operations
Campbell Soup, the leading US food manufacturer, is continuing its divestiture program with the sale of the Arnott’s business and its remaining Campbell International operations to KKR, a global investment firm, for $2.2 billion. Arnott’s was acquired in 1997 by Campbell and has operations centres in Western Sydney, Brisbane and Adelaide in Australi, as well […]
USA: Campbell Soup to offload Kelsen Group
Campbell Soup, the leading US food manufacturer, has announced it has signed a definitive agreement to sell the Kelsen Group, a biscuit company that is part of the Campbell International business. to a Ferrero affiliated firm for $300 million. The company said the deal would enable it to reduce its debt burden, adding that the process is now […]
USA: Campbell Soup to sell Bolthouse Farms
Campbell Soup, a US producer of canned soups and related products, has announced that it has agreed to sell its organic foods division Bolthouse Farms to an affiliate of private equity fund Butterfly Equity for $510 million. Acquired in August 2012, Bolthouse Farms employs around 2,200 staff and is a leading producer of organic beverages, […]
USA: Campbell Soup sells Garden Fresh Gourmet as part of fresh food divestment strategy
Campbell Soup, the US food business, has announced it is selling its Garden Fresh Gourmet business to an affiliate pf Fountain of Health USA, a maker of hummus, dips, variety packs, prepared salads, pates, and frozen desserts, for an undisclosed sum. Campbell Soup bought Garden Fresh Gourmet in 2015, at the time bidding to expand […]