Daily News | Campbell is acquiring the parent company of Rao’s for $2.7 billion
, cranking out 1,500 goldfish a second, according to Bloomberg.
“As one of the most trusted and respected food companies in North America, I’m confident in Campbell’s ability to continue bringing our products to more households,” Todd Lachman, founder, president and CEO of Sovos Brands, said in a press release. Prior to the announcement of the acquisition, Rao’s was one of Campbell’s competitors in the soup market. The company’s soups, from Italian wedding soup to vegetable minestrone, are sold in clear glass jars. In the past,, pointing out that the clear jars have nothing to hide. In the ad, one of the Rao’s soup jars is placed next to a series of cans in a timeline that dates back to the creation of condensed soup, which Campbell popularized.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Campbell to buy Rao's premium sauces maker Sovos for $2.33 blnU.S. packaged food maker Campbell Soup will buy Michael Angelo's and Rao's owner Sovos Brands for $2.33 billion in cash, the company said on Monday, beefing up its meals and beverages business with the maker of premium Italian sauces.
Les mer »
Campbell to buy Rao’s premium sauces maker Sovos for $2.33 billionU.S. packaged food maker Campbell Soup will buy Michael Angelo’s and Rao’s owner Sovos Brands for $2.33 billion in cash, the company said on Monday, beefing up its meals and beverages b…
Les mer »
Chicken noodle soup king Campbell just spent $2.7 billion to buy Rao's saucesRao's — which went public in 2021 — will join a Campbell sauce portfolio consisting of lower priced Prego and Swanson broths. The company posted $878.4 million in net sales last year and $67.8 million in net income.
Les mer »
Campbell Soup to acquire Rao’s parent Sovos Brands in cash deal valued at about $2.7 billionAn earlier version of this article had a typo in the price Campbell Soup is paying. The price is $23 not $32. The article has been corrected. Campbell Soup...
Les mer »
Campbell Soup's bonds sell off after S&P downgrades rating following $2.7 billion dealCampbell Soup will pay $2.7 billion in cash to buy Sovos Brands, parent of Rao’s pasta sauces and noosa yogurts.
Les mer »
Campbell’s $3 bln Rao’s deal could use long simmerCampbell's acquisition of Rao's for $3 billion may not be a wise investment as the returns are not sufficient to cover the cost of capital. The justification for the deal is filled with corporate jargon. However, the long-term growth of the food industry may improve the prospects of the acquisition.
Les mer »