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Campbell Completes Acquisition of Sovos Brands, Inc.
CPBCampbell Soup(CPB) Businesswire·2024-03-12 12:35

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. “ This important milestone in Campbell’s history adds several market-leading and scaled premium brands to our company,” said Campbell’s President and CEO Mark Clouse. “ It accelerates Campbell’s successful strategy and provides a substanti ...