Campbell Soup Company Completes Acquisition of Sovos Brands, Inc.
August 7, 2023
Campbell Soup Company completed its all-cash acquisition of Sovos Brands, Inc. for $23 per share, valuing the deal at approximately $2.7 billion. The purchase adds premium Italian sauce and pasta brands such as Rao’s, Michael Angelo’s, and noosa, and creates a new “Distinctive Brands” unit within Campbell’s Meals & Beverages division.
- Buyers
- Campbell Soup Company
- Targets
- Sovos Brands, Inc.
- Industry
- Consumer Products
- Location
- Colorado, United States
- Transaction Type
- Buyout
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