Campbell Soup Co. has completed the sale of its European Chips Business to Valeo Foods, a portfolio company of CapVest Partners LLP, for approximately for approximately $80 million. The Campbell European Chips business includes UK-based Kettle Foods Limited and Netherlands-based Yellow Chips B.V. Campbell will use the proceeds from the divestiture to reduce debt. Under the […]
Tag: Campbell Soup
Posted in, Center Store, Grocery News, Health & Wellness, Northeast, Organic Natural
Campbell Adds to Well-Being Portfolio With Pacific Foods Purchase
Campbell Soup said Dec. 12 that it has completed the purchase of Pacific Foods of Oregon for $700 million in cash. Pacific Foods produces organic broth and soup as well as shelf-stable, plant-based beverages, meals and sides. Commenting on the purchase, Denise Morrison, Campbell’s president and CEO, said,“Pacific Foods is an excellent strategic fit with Campbell’s […]
Posted inNortheast, Amazon Fresh, Whole Foods
Campbell Soup Accelerating E-Commerce Plans
Campbell Soup Co. has appointed VP Shakeel Farooque to lead an accelerated plan for its Digital and E-Commerce Division. The company plans to accelerate its digital and e-commerce capabilities by forming an e-commerce unit, representing all three Campbell divisions in North America. Campbell has a goal of generating $300 million in e-commerce sales over the next five years. […]