Campbell Buying Sovos Brands for $2.7 Billion | ProFood World

Aug 7, 2023  · Campbell has entered into an agreement to acquire Sovos Brands for $2.7 billion. The strategic transaction adds a market-leading premium portfolio of brands to diversify and …


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Campbell Buying Sovos Brands For $2.7 Billion | ProFood World

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Aug 7, 2023  · Campbell has entered into an agreement to acquire Sovos Brands for $2.7 billion. The strategic transaction adds a market-leading premium portfolio of brands to diversify and …

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Campbell Completes Acquisition Of Sovos Brands, Inc. - Foodmarket

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Campbell Soup Company today announced it has completed the acquisition of Sovos Brands, Inc. (“Sovos Brands”) for $23 per share in an all-cash transaction, which represents a total …

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Campbell Soup To Acquire Sovos Brands For $2.7B

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Aug 8, 2023  · Campbell Soup Co. has agreed to acquire Sovos Brands Inc. for $23 per share in cash, representing a total enterprise value of approximately $2.7 billion, according to a press …

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Campbell Soup (CPB) Completes $2.7B Acquisition Of Sovos Brands

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Mar 12, 2024  · Campbell Soup Company (NYSE: CPB) today announced it has completed the acquisition of Sovos Brands, Inc. (Sovos Brands) for $23 per share in an all-cash transaction, …

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Campbell Soup To Buy Rao’s Maker Sovos Brands For $2.7B

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Aug 7, 2023  · Dive Brief: Campbell Soup is buying Sovos Brands for $2.7 billion, or $23 a share, expanding the New Jersey company’s presence in meals and premium offerings.; The …

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Campbell Completes Acquisition Of Sovos Brands, Inc.

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Mar 12, 2024  · Campbell Soup Company (NYSE: CPB) today announced it has completed the acquisition of Sovos Brands, Inc. (“Sovos Brands”) for $23 per share in an all-

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Campbell Soup Agrees To Buy Sovos Brands, Maker Of Rao’s Pasta …

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Aug 7, 2023  · Grazie. The board of Sovos Brands, maker of Rao’s pasta sauce, may have used that term after cutting a deal to sell the company to Campbell Soup for $2.7 billion. Campbell, …

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Campbell Soup Company Buys Maker Of Rao's For $2.7 Billion

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Aug 7, 2023  · Campbell announced Monday that it would acquire Sovos Brands, maker of the popular Italian food brands like Rao's sauces and Michael Angelo's frozen entrees, as well as …

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Campbell Adds Premium Brands With Sovos Acquisition

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Mar 12, 2024  · Campbell adds premium brands with Sovos acquisition ... Sovos Brands reported $1.0 billion in net sales for the year ended December 30, 2023, with a 25% year-over-year …

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Campbell Completes Acquisition Of Sovos Brands, Inc.

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CAMDEN, N.J.--(BUSINESS WIRE)-- Campbell Soup Company (NYSE: CPB) today announced it has completed the acquisition of Sovos Brands, Inc. (“Sovos Brands”) for $23 per share in an …

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FAQs about Campbell Buying Sovos Brands for $2.7 Billion | ProFood World Coupon?

What is Campbell's acquisition of Sovos Brands?

Campbell Completes Acquisition of Sovos Brands, Inc. - The Campbell's Company CAMDEN, N.J.– (BUSINESS WIRE)– Campbell Soup Company (NYSE: CPB) today announced it has completed the acquisition of Sovos Brands, Inc. (“Sovos Brands”) for $23 per share in an all-cash transaction, which represents a total enterprise value of approximately $2.7 billion. ...

Why did Campbell Soup buy Sovos?

Retrieved from Sovos Brands . Campbell Soup is buying Sovos Brands for $2.7 billion, or $23 a share, expanding the New Jersey company’s presence in meals and premium offerings. The acquisition will allow the CPG food maker to add pasta sauces, dry pasta, soups, frozen entrées, frozen pizza and yogurts to its portfolio. ...

How much is Campbell Soup worth?

CAMDEN, N.J. & LOUISVILLE, Colo.– (BUSINESS WIRE)– Campbell Soup Company (NYSE: CPB) and Sovos Brands, Inc. (Nasdaq: SOVO) today announced that the companies have entered into an agreement for Campbell to acquire Sovos Brands, Inc. for $23 per share in cash, representing a total enterprise value of approximately $2.7 billion. ...

What products does Sovos sell?

The Sovos Brands portfolio consists of a variety of premium products including pasta sauces, dry pasta, soups, frozen entrées, frozen pizza and yogurts under the brand names Rao’s, Michael Angelo’s and noosa. ...

Did Sovos sell Rao's pasta sauce to Campbell Soup?

Grazie. The board of Sovos Brands, maker of Rao’s pasta sauce, may have used that term after cutting a deal to sell the company to Campbell Soup for $2.7 billion. Campbell, based on its goal of growing its sauces business to $1 billion, would naturally answer with the name of its famous brand: Prego, or “You’re welcome.” ...

How much does Sovos Brands make per share?

Compelling Strategic Rationale The all-cash offer for Sovos Brands of $23 per share for a total enterprise value of approximately $2.7 billion represents an adjusted EBITDA multiple of 14.6x including run rate synergies and 19.8x excluding synergies 6. ...

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