• ABOUT
    • Gama
    • Our Network
    • Media
  • PRODUCTS & SERVICES
    • Gama Compass
    • Innovation & Insight Reports
    • Gama Field Services
    • Gama Market Entry
  • CATEGORIES
    • Food
    • Alcoholic Drinks
    • Non-Alcoholic Drinks
    • Household Care
    • Health & Beauty
    • Pet Care
    • Tobacco
  • STORE
  • NEWS & INSIGHTS
    • Global News
    • Insights
    • Magazine
  • EVENTS
  • CONTACT
Latest Tweets
  • Loading tweets...

Follow @@GamaConsumer

  • ABOUT
    • Gama
    • Our Network
    • Media
  • PRODUCTS & SERVICES
    • Gama Compass
    • Innovation & Insight Reports
    • Gama Field Services
    • Gama Market Entry
  • CATEGORIES
    • Food
    • Alcoholic Drinks
    • Non-Alcoholic Drinks
    • Household Care
    • Health & Beauty
    • Pet Care
    • Tobacco
  • STORE
  • NEWS & INSIGHTS
    • Global News
    • Insights
    • Magazine
  • EVENTS
  • CONTACT
1 MIN READ

USA: Campbell Soup to acquire Pacific Foods for $700 million

July 7, 2017
-
Food, Mergers & Acquisitions, North America

US food and drink company Campbell Soup has entered into agreement to acquire Pacific Foods for $700 million in cash.

Founded in Oregon in 1987, Pacific Food has approximately 540 employees and operates a certified organic plant. Following the acquisition, Pacific Food will become part of Campbell Soup’s Americas Simple Meals and Beverages division.

Denise Morrison, Campbell’s president and chief executive officer, commented: “This acquisition is consistent with our purpose, ‘Real food that matters for life’s moments.’ Pacific is an authentic brand with a loyal consumer following. The acquisition allows us to expand into faster-growing spaces such as organic and functional food. Moreover, Pacific Foods is an excellent fit with Campbell — strategically, culturally and philosophically”.

This acquisition is described as being part of Campbell Soup’s strategy to reshape its portfolio amid increased consumer interest in health and well-being.

Source: Campbell

Tags
Campbell
Pacific Foods
← PREVIOUS POST
Australia: Haigh’s Chocolates to build new facility
NEXT POST →
UK: PepsiCo launches Quaker “on-the-go” breakfast line

Copyright © 2020. Gama. All rights reserved.      Privacy Policy | Legal Notice

 
USA: Campbell Soup to acquire Pacific Foods for $700 million - Gama