Campbell (CPB) Fuels Meals & Beverages With Sovos Brands Buyout

Campbell Soup Company (CPB) has been strengthening its portfolio through meaningful acquisitions of high-growth brands. The company has concluded the buyout of Sovos Brands Inc. for nearly $2.7 billion. This acquisition is a significant step for Campbell as it enhances its Meals & Beverages portfolio with high-growth brands like Rao’s sauce, Michael Angelo’s and noosa.Sovos Brands, a Prudent AdditionSovos Brands brings a range of premium products to Campbell, including pasta sauces, dry pasta, soups, frozen ...