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Campbell's acquires Sovos Brands for growth boost

PRIVATEAug 19, 2026about 3 hours ago

Acquiring Company

The Campbell's Company

Acquired Company

Sovos Brands

CamdenManufacturingFood and BeverageHospitalityFood and BeverageHospitalityRetailFood Processing

Description

In 2024, The Campbell's Company completed the acquisition of Sovos Brands, the owner of Rao's Homemade brand. This acquisition is part of Campbell's strategy to enhance its product offerings and drive growth. The Rao's brand has recently achieved over $1 billion in annual net sales, marking a significant milestone for Campbell's portfolio.

Company Information

Company

The Campbell's Company

Location

Camden, New Jersey, United States

About

The Campbell's Company has been connecting people through food they love for 155 years. Headquartered in Camden, N.J. since 1869, the company is a North American focused brand powerhouse, generating fiscal 2024 net sales of $9.6 billion across two divisions: Meals & Beverages and Snacks. Their portfolio of 16 leadership brands includes: Campbell's, Cape Cod, Chunky, Goldfish, Kettle Brand, Lance, Late July, Pace, Pacific Foods, Pepperidge Farm, Prego, Rao's, Snack Factory, Snyder's of Hanover, Swanson and V8.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed

Frequently asked

Who acquired Sovos Brands?

Sovos Brands was acquired by The Campbell's Company, based in Camden. The deal was reported on August 19, 2026. The Campbell's Company has been connecting people through food they love for 155 years. Headquartered in Camden, N.J. The Campbell's Company is privately held and operates in Manufacturing.

When did The Campbell's Company acquire Sovos Brands?

The Campbell's Company's acquisition of Sovos Brands was reported on August 19, 2026. In 2024, The Campbell's Company completed the acquisition of Sovos Brands, the owner of Rao's Homemade brand. This acquisition is part of Campbell's strategy to enhance its product offerings and drive growth. 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 consumer-packaged food company focused on acquiring and building disruptive growth brands that bring today’s consumers great tasting food that fits the way they live. It is privately held, operating in Food and Beverage.

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