The deal marks the largest acquisition in Campbell Soup’s history, and underscores the continuing strategy by major CPG companies … On August 30, 2013, Snyder's-Lance acquired Stateline Service Corp. and no purchase price was disclosed. Campbell’s failed to generate any value from either acquisition. The Company’s most targeted sectors include food (93%) and beverages (8%). Campbell's products are sold in 120 countries around the world. Entrance to Campbell Soup Co.'s corporate headquarters in Camden, New Jersey. CAMDEN, N.J. — Campbell Soup Co. has completed the sale of its Bolthouse Farms business to Los Angeles-based private equity firm Butterfly for $510 million. Campbell Soup has acquired in 7 different US states, and 6 countries. Acquisition Will Expand Campbell’s Portfolio of Healthy Beverages and Provide Significant Presence in the Rapidly Growing Market for Packaged Fresh Foods. It’s largest disclosed sale occurred in 2019, when it sold Campbell Soup - Arnott Business to KKR for $2.2B. Campbell Soup is once again the subject of takeover speculation, but keys to the soup kingdom lie in the descendants of the inventor of condensed soup. Despite this, Campbell is not resting on its laurels. History. M&A research that takes seconds (not all afternoon), Better understand your customers and prospects. Last July it acquired Bolthouse Farms, which produces such items as baby carrots, high … List of Campbell Soup Company 's 7 Acquisitions, including Snyder's-Lance and Pacific Foods of Oregon. Campbell Soup paid $50 per share for Snyder's-Lance, which represents an enterprise value of approximately $6.1 billion. Three years later, soup history was made when Arthur Dorrance hired his nephew John Dorrance. As heartwarming as chicken soup: The story of Dorothy McFadden, Retired Campbell “Lead Lady” John held a chemistry degree from MIT and a Ph.D. from the University of Gottengen in Germany. In 1915 Dorrance became sole owner of Campbell when he bought out his uncle, Arthur Dorrance. Sales in the three months ending in July grew 33% from the same period last year, but that growth was entirely owed to Campbell's acquisitions of … CAMDEN, N.J.– (BUSINESS WIRE)–Dec. 1 Campbell Place, It said the impact of its acquisition of Snyder's-Lance and organic soup brand Pacific Foods were "neutral" to the company's adjusted earnings. The acquisition, which has been approved by the Boards of Directors of both companies, will enable Campbell to expand its portfolio of leading snacking brands, the press release stated. Campbell Soup Co. finds itself in an enviable position, dominating the soup category with roughly a 50% share of market. As of 2018, it is a subsidiary of the Campbell Soup Company. John held a chemistry degree from MIT and a Ph.D. from the University of Gottengen in Germany. Join Mergr and gain access to Campbell Soup’s M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the food sector. Campbell Soup Company announced it has agreed to acquire leading snack company Snyder’s-Lance for $4.87 billion in cash. A high-level overview of Campbell Soup Company (CPB) stock. Although Campbell Soup Co. agrees to pull the advertising (despite arguments that without the marbles the soup appeared as if it had less vegetables than it … Campbell, the world’s largest soup company, started selling soup in China in 2007 but has been looking for ways to expand the business in the world’s … Condensed Soup, Campbell’s Chicken Gumbo Mix with Rice and Vegetable, an Instant Heart Healthy Food, Low in Fat and Cholesterol, Homestyle Gumbo Base Soup for the Whole Family, 6 - 10.5 oz cans. Campbell Soup is once again the subject of takeover speculation, but keys to the soup kingdom lie in the descendants of the inventor of condensed soup. Stay up to date on the latest stock price, chart, news, analysis, fundamentals, trading and investment tools. Pepperidge Farm has been an essential part of Campbell and a consistent growth engine over the last 50 years. Operator. Certain statements in this communication regarding the proposed acquisition of Snyder’s-Lance by Campbell Soup Company, including any statements … CAMDEN, N.J. — Campbell Soup Co. has completed the sale of its Bolthouse Farms business to Los Angeles-based private equity firm Butterfly for $510 million. It’s largest disclosed sale occurred in 2019, when it sold Arnott’s Biscuits Limited to KKR for $2.2B. Campbell Soup’s largest acquisition to date was in 2017, when it acquired Snyder s-Lance for $4.9B. United States, CAMDEN, N.J.--(BUSINESS WIRE)--Campbell Soup Company (NYSE: CPB) today announced that its Board of Directors has elected Mark A. Clouse, 50, as President and CEO of Campbell effective Jan. 22, 2019. In 1954, Campbell moved its $10 million dollar condensed soup account from Ward Wheelock Company, the Philadelphia firm which had handled the account since 1910, to Batten, Barton, Durstine & Osborn (BBDO) of New York. includes any. The Campbell Soup Company, synonymous with the all-American kitchen for 125 years, said yesterday that it would join the nation's torrid salsa … On August 30, 2013, Snyder's-Lance acquired Stateline Service Corp. and no purchase price was disclosed. On September 6, 2012, Snyder's-Lance agreed to acquire Snack Factory for $312 million. Denise Morrison, Campbell’s Chief Operating Officer, said, “The acquisition of Pepperidge Farm is a milestone in Campbell’s 140-year history. Swanson & Sons (1955– ); Pepperidge Farm, Inc. (1961– ); Godiva Chocolatier (1974–2008); and Vlasic Foods, Inc. (1978–98). Campbell Soup will pay $4.87 billion to acquire Snyder's-Lance, marking the biggest deal in Campbell's history. Three years later, soup history was made when Arthur Dorrance hired his nephew John Dorrance. Campbell Soup plans to finance the transaction via a combination of long and short-term debt totaling $6.2 billion. Campbell Grocery Products Limited : United Kingdom: Campbell Investment Company : Delaware: Campbell Sales Company : New Jersey: Campbell Soup Company Ltd—Les Soupes : Canada: Campbell Ltee : Campbell Soup Sweden AB : Sweden: Campbell Soup Supply Company L.L.C. Snyder’s-Lance is a leading snacking company that manufactures and markets snack food … (856) 342-4800 Pacific Foods of Oregon acquired by Campbell Soup Company, Garden Fresh acquired by Campbell Soup Company, Plum Organics acquired by Campbell Soup Company, Kelsen Group acquired by Campbell Soup Company, Bolthouse Farms acquired by Campbell Soup Company, Snyder's-Lance acquired by Campbell Soup Company. Snyder's-Lance expected the acquisition to close early fourth quarter. Birth of the Campbell's Soup Company . History. Campbell Soup has acquired in 7 different US states, and 6 countries. CAMDEN, N.J.--(BUSINESS WIRE)--Jul. The acquisition, which has been approved by the Boards of Directors of both companies, will enable Campbell to expand its portfolio of leading snacking brands, the press release stated. Snyder’s-Lance is a leading snacking company that manufactures and markets snack food … A marketing genius, Dorrance boosted sales of soup by pushing the idea of using condensed soup as an ingredient in easy-to-make recipes. 12, 2017–. Only 10 left in stock - order soon. Campbell Soup’s largest acquisition to date was in 2017, when it acquired Snyder s-Lance for $4.9B. Net … It has also divested 11 assets. On September 6, 2012, Snyder's-Lance agreed to acquire Snack Factory for $312 million. In 1894, Joseph Campbell retired and Arthur Dorrance took over as company president. A total of 5 acquisitions came from private equity firms. Swanson & Sons (1955– ); Pepperidge Farm, Inc. (1961– ); Godiva Chocolatier (1974–2008); and Vlasic Foods, Inc. (1978–98). Pacific Foods is a leading producer of organic broth and soup 1. Campbell’s growth strategy goes beyond just soups. 95 ($6.66/Count) $3.00 shipping. Camden, New Jersey 08103 It's just the latest aggressive move from a Big Food company gobbling up a smaller competitor. Facebook, Microsoft, Zillow. The company was started in 1869 by Joseph A. Campbell, a fruit merchant from Bridgeton, New Jersey, and Abraham Anderson, an icebox manufacturer from South Jersey. $39.95 $ 39. Campbell Soup Co (Campbell) produces and sells convenience food and beverage products. E.g. Acquirer Name . Campbell Soup Company (dba Campbell's) is an American producer of canned soups and related products. In 1894, Joseph Campbell retired and Arthur Dorrance took over as company president. The company's product portfolio includes soups, broths and stock … Add Acquisitions filter . Companies People Investors Funding Rounds Acquisitions Schools Events Hubs Saved . 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