Campbell Soup Company completes acquisition of Sovos Brands, Inc. to enhance its portfolio of premium brands
Acquiring Company
Campbell
Acquired Company
Sovos Brands
CamdenLouisvilleManufacturingFood and BeverageConsumer GoodsNon ProfitConsultingFood and BeverageHospitalityRetailFood ProcessingDescription
Campbell Soup Company has successfully completed the acquisition of Sovos Brands, Inc. This acquisition adds several market-leading and scaled premium brands to Campbell's portfolio, accelerating its successful strategy and providing a substantial runway for sustained profitable growth. The addition of the distinct brands business unit within Meals & Beverages division aims to drive accelerated growth and contribute to significant long-term shareholder value creation through sales and earnings growth.
Quick answer
Campbell is acquiring Sovos Brands, announced March 12, 2024. Campbell is based in Camden, New Jersey, United States.
- How much did Campbell pay for Sovos Brands?
- The deal value was not disclosed.
- What does Campbell do?
- For more than 150 years, Campbell’s (NASDAQ:CPB) has been connecting people through food they love.
- Where are Campbell and Sovos Brands based?
- Campbell is based in Camden, New Jersey, United States. Sovos Brands is based in Louisville, Colorado, United States.
- Who are the decision-makers at Campbell?
- Fundz holds 1 contact at Campbell. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Frequently asked
Who acquired Sovos Brands?
Sovos Brands was acquired by Campbell, based in Camden. The deal was reported on March 12, 2024. For more than 150 years, Campbell’s (NASDAQ:CPB) has been connecting people through food they love. Generations of consumers have trusted us to provide delicious and affordable food and beverages. Campbell is publicly traded (CPB) and operates in Manufacturing.
When did Campbell acquire Sovos Brands?
Campbell's acquisition of Sovos Brands was reported on March 12, 2024. Campbell Soup Company has successfully completed the acquisition of Sovos Brands, Inc. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Sovos Brands do?
Sovos Brands, Inc. is a company known for its market-leading and scaled premium brands, including Rao’s, Michael Angelo’s, and noosa. It reported $1.0 billion in net sales for the year ended Dec. It is privately held, operating in Food and Beverage, and is based in Louisville.
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