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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
Campbell is adding to its grocery store repertoire by acquiring the parent company of Rao's pasta sauce, Sovos Brands.
In a Monday announcement, the two companies said they had entered an agreement for Campbell’s to acquire Sovos for $2.7 billion.
Campbell's move to buy Rao marks the company's biggest acquisition since it dropped $4.87 billion to buy pretzel leader Snyder's-Lance in 2018.
In a Monday announcement, the two companies said they had entered an agreement for Campbell’s to acquire Sovos for $2.7 billion.