Campbell Soup Co. says it has completed the sale of Kelsen Group to a Ferrero affiliated company for $300 million, subject to customary adjustments. Camden, New Jersey-based Campbell will use the proceeds from the divestiture, first announced in July, to reduce debt. Based in Nørre Snede, Denmark, Kelsen is a producer of baked snacks whose primary […]
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Campbell Divesting Kelsen Group In Deal With Ferrero Affiliate
Campbell Soup Co. has signed a definitive agreement to sell its Kelsen Group business to a Ferrero-affiliated company for $300 million subject to customary purchase price adjustments. Campbell will use the proceeds to reduce debt. Based in Nørre Snede, Denmark, Kelsen is a producer of baked snacks whose primary brands include Kjeldsens and Royal Dansk. […]