Campbell completes sale of Bolthouse Farms for US$510m

USA – Campbell Soup has announced that it has completed the sale of its Bolthouse Farms business to Los Angeles-based private equity firm Butterfly for a purchase price of US$510 million. The transaction subject to customary adjustments completes the divestiture of Campbell Fresh division as part of its Board-led strategy and portfolio review to improve performance and drive shareholder value. The company said it will continue to report the Campbell Fresh segment as discontinued operations when it announces fourth-quarter and full-year fiscal 2019 earnings on Aug. 29, 2019. Campbell Soup…

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