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Campbell Soup Co. (NYSE: CPB) this week completed its $2.7 billion acquisition of Sovos Brands Inc. (Nasdaq: SOVO), carving out a new business unit to house the Louisville-based food-umbrella company.
The Sovos Brands portfolio consists of brands like Rao’s, Michael Angelo’s and noosa.
Strengthens and diversifies Campbell’s Meals & Beverages portfolio with additional high-growth brands including premium market-leading Rao’s sauce, along with Michael Angelo’s and...
Campbell Soup will set up a Distinctive Brands unit.
Rao’s, Michael Angelo’s and noosa join Distinctive Brands portfolio