Campbell Soup buys Rao's pasta sauce maker for $2.7 billion
Campbell Soup says acquisition will boost sales while building on the Camden firm's strengths
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Campbell Soup says acquisition will boost sales while building on the Camden firm's strengths
The Campbell Soup Company is purchasing Sovos Brands, the parent company of Rao's, a popular brand of pasta sauces in the US. The acquisition is totalled at approximately $2.7 billion,
Campbell Soup has agreed to buy Sovos Brands in a deal valued at $2.7 billion, expanding the soup-maker's presence in frozen meals and giving it a foothold in the premium pasta sauce market.
In a Monday announcement, the two companies said they had entered an agreement for Campbell’s to acquire Sovos for $2.7 billion.
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