Page 7 - Mark Clouse News Today

The upcoming acquisition of Sovos Brands Inc. (Nasdaq: SOVO) by food giant Campbell Soup Co. (NYSE:CPB) may result in the elimination of some redundant administrative operations at Sovos’ Louisville headquarters and the offloading of the Bellvue-based Noosa Yoghurt brand.

Campbell’s bought Rao’s, and fans are scared the beloved sauce's recipe is going to change. The soup company promises customers they'll keep it the same.

The acquisition diversifies Campbell’s portfolio by enhancing its Meals & Beverages division with additional growth-oriented brands, including premium market-leading Rao’s brand...

That’s a lot of sauce.

Food Network Canada has named Winnipeg’s Black Market Provisions one of Canada’s top 10 food markets that are changing the game. Read more.

Let the hoarding begin!

Campbell Soup is set to buy Sovos Brands, the maker of Rao’s pasta sauces. In a Monday announcement, the two companies said they had entered an agreement for Campbell’s to acquire Sovos for $23 per share in cash — reflecting a total value of about $2.7 billion. The transaction will help diversify and strengthen Campbell’s…

Campbell Soup CEO Mark Clouse addresses one big social media concern about his $2.7 billion deal for pasta sauce maker Rao's.

The Sovos deal will fulfil Campbell’s objective of having a $1bn sauces business on board, but it may face challenges elsewhere.

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