Posts tagged "Campbell Soup"

Campbell Soup to sell Bolthouse Farms for $510 million

[12 April/CNBC] Campbell Soup announced that it is selling Bolthouse Farms for USD$510 million (approx. NZD$755 million) to an affiliate of private equity firm Butterfly Equity to help reduce debt. The deal is expected to be completed by July 2019, and once completed Campbell will have divested its entire fresh division. In February, it agreed...

Report: Ferrero and Mondelez seen as frontrunners to buy Campbell Soup’s Arnott’s

[04 March/Food Dive] According to the Australian Financial Review, there are less than three weeks to submit bids to buy Campbell Soups’ Arnott’s cookie brand. Arnott’s, the largest biscuits player in Australia, is selling more than six times the next biggest competitor Mondelez. Ferrero is also a candidate for the acquisition after reports they are...

Campbell Soup may sell Fresh division to former Bolthouse CEO

[4 October/Food Dive] Campbell Soup was in talks to sell its Fresh division to a group of investors. The division had faced troubles in recent times. The investors would be led by Jeff Dunn who was previously CEO of Bolthouse Farms. Campbell Soup purchased Bolthouse for $1.55 billion in 2012, however its fresh division as...

Campbell Soup names COO as part of sweeping reorganization

[6 April/Food Dive] The always changing food industry has caused Campbell Soup to restructure. It will improve its focus on its core soup and snacks division as well as increasing its presence in health and well-being. Campbell soup spent $5 billion to acquire Snyder’s-Lance who manufacture popular snack brands. This was the catalyst to the...

Campbell Is Testing Online Soup Delivery

[2 December/ Bloomberg] Campbell Soup has been testing an online service that would deliver soups to customers’ doors. The company would begin a pilot test of the program next month, shipping out premium soups to customers that could heat them up at home. Campbell Soup Vice President, Mike Paul said it was part of a...

Campbell says it supports federal standard for GMO labeling

 [9 January/ NZ Herald] Campbell Soup has said it now supports mandatory national labelling for products containing genetically modified ingredients, and added that it will now stop efforts to oppose such requirements. The company said that even if federal labelling standards are not established, it will independently disclose the presence of genetically modified ingredients in...