Campbell Announces New Sustainable Packaging Goals

Company plans to increase recyclability, recycled content and consumer education and infrastructure

11-May-2020 - Campbell Soup Company (NYSE: CPB) today announced new packaging sustainability goals to reduce packaging waste by increasing circularity—keeping materials in use and out of landfills. The four goals are designed to address all phases of the packaging lifecycle, from sourcing to end-of-life, ...

Campbell sales Kelsen Group for $300 Million

17-Jul-2019 - Campbell Soup Company (NYSE: CPB) announced today that it has signed a definitive agreement for the sale of Kelsen Group to a Ferrero affiliated company for $300 million, subject to customary purchase price adjustments. Proceeds from the divestiture will allow Campbell to reduce debt. Based in ...

Campbell sells Garden Fresh Gourmet

01-Mar-2019 - Campbell Soup Company announced today that it hassigned a definitive agreement for the sale of Garden Fresh Gourmet to anaffiliate of Fountain of Health USA, a maker of hummus, dips, varietypacks, prepared salads, pâtés, and frozen desserts. Terms of thetransaction were not disclosed. Garden ...

Campbell Soup In Talks To Sell Fresh-foods Business

05-Oct-2018 - Campbell Soup Co. (CPB) is in talks to sell its fresh-foods business including Bolthouse Farms to investors led by that brand's former chief executive, the Wall Street Journal reported citing people familiar with the matter. Jeff Dunn, who helped a private-equity firm sell Bolthouse to Campbell ...

Campbell Soup To Sell International And Fresh-food Businesses

31-Aug-2018 - Campbell Soup Co. (CPB) said Thursday it plans to sell its International and fresh foods business after a review of its portfolio in order to improve performance. The company would be divesting its Campbell International and Campbell Fresh units. It plans to use proceeds from the sale of these ...

Campbell Soup Co. is suring on reports of Kraft interest

26-Jun-2018 - The New York Post reported Monday that Kraft Heinz is interested in acquiring Campbell Soup Co.. Campbell Soup gapped open sharply higher this morning and is now up 2.57 at $41.17 on above average volume. The stock has jumped to a month and a half high.

Campbell Soup CEO out, strategic review under way

21-May-2018 - The top executive at Campbell Soup will retire and the company is undergoing a strategic review as it tries to revive sales that have been under pressure due to shifting American tastes. Denise Morrison, who has been has been CEO since 2011, is being replaced immediately by Keith McLoughlin, who ...

Mark Alexander, President of Americas Simple Meals and Beverages, to Leave Campbell

20-Mar-2018 - Campbell Soup Company today announced that, effective April 2, 2018, Mark Alexander, President of Americas Simple Meals and Beverages, will leave the company to pursue other opportunities. “Mark has been an influential leader, and we are grateful for his many contributions during his nearly three ...

Campbell Soup Increases Annualized Savings Target; Updates 2018 Outlook

19-Feb-2018 - Campbell Soup Co. (CPB) said it has increased the annualized savings target from $450 million to $500 million by the end of fiscal 2020. It revised Fiscal 2018 guidance, based on the company's current outlook, including the impact of the Pacific Foods acquisition and the Tax Cuts and Jobs Act. ...

Campbell to Acquire Snyder’s-Lance, Inc. to Expand in Faster-Growing Snacking Category

20-Dec-2017 - Campbell to acquire Snyder’s-Lance for $50.00 per share in an all-cash transaction Combination of Campbell’s baked snacks portfolio and Snyder’s-Lance’s complementary portfolio creates a snacking platform with approximately $4.7 billion net sales on a pro forma basis Campbell’s annual net ...