Campbell Soup Co. (NYSE: CPB) this week completed its $2.7 billion acquisition of Sovos Brands Inc. (Nasdaq: SOVO), carving out a new business unit to house the Louisville-based food-umbrella company.
Campbell Soup creates new biz unit to house newly acquired Sovos Brands – BizWest bizwest.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizwest.com Daily Mail and Mail on Sunday newspapers.
The upcoming acquisition of Sovos Brands Inc. (Nasdaq: SOVO) by food giant Campbell Soup Co. (NYSE:CPB) may result in the elimination of some redundant administrative operations at Sovos’ Louisville headquarters and the offloading of the Bellvue-based Noosa Yoghurt brand.
Sovos acquisition could result in local redundancies, Noosa sale – BizWest bizwest.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizwest.com Daily Mail and Mail on Sunday newspapers.
Sovos Brands is a premium packaged foods company that did an IPO in September 2021 and is growing annual revenues at a rapid pace. Read more about SOVO stock here.