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Campbell Soup Plans To Buy Montclair-Based Pasta Sauce Company - Montclair, NJ - Campbell Soup is acquiring Sovos Brands, parent company of the popular Rao's Homemade line of sauces, for $2.7 billion.
In a Monday announcement, the two companies said they had entered an agreement for Campbell’s to acquire Sovos for $2.7 billion.
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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The transaction will help diversify and strengthen Campbell’s Meals & Beverages division, Campbell’s President and CEO Mark Clouse said in a statement.