Stay updated with breaking news from Mark Clouse. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Powerful combination expected to fuel earnings growth; Aligns with and advances Campbell’s focused strategic plan Strengthens and diversifies Campbell’s portfolio by enhancing Meals &...
(Bloomberg) -- Campbell Soup Co. agreed to buy Sovos Brands Inc. in a deal valued at $2.7 billion, expanding the soupmaker’s presence in frozen meals and giving it a foothold in the premium pasta sauce market.Most Read from BloombergMusk Says He May Need Surgery, Will Get MRI on Back and NeckTexas Power Prices to Surge 800% on Sunday Amid Searing HeatPayPal Launches a Stablecoin in Latest Crypto Payments PushUkraine Black Sea Drone Attacks Signal Rapidly Expanding WarHSBC Executive Slams ‘Weak’
Packaged food maker Campbell Soup has announced that it is set to acquire Sovos Brands for $2.33 billion (€2.12 billion).
Like its Rao’s sauces, Sovos Brands is expensive but appealing
Campbell is betting on Rao's pasta sauces and their strong sales growth rate.