Campbell full-year sales decline 2% as pandemic boom wanes and inflation sets in

USA – American processed food and snack company Campbell Soup has recorded a 2% decline in full-year net sales as markets return to normalcy following a pandemic boom in 2020 that saw sales for food companies sky rocket.  Revenue for the year stood at US$8.48 billion and Campbell says that three quarters of its brand portfolio grew or held share, “demonstrating strong underlying brand health and momentum”.   The company’s meals & beverages unit witnessed net sales fall by 2%, mainly due to declines in foodservice, partially offset by growth in V8…

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Stonewall Kitchen buys Vermont Coffee Company as Campbell offloads baby food brand Plum Organics

US – Stonewall Kitchen, an American specialty food producer, has acquired organic coffee brand Vermont Coffee for an undisclosed sum. FoodBev reported that the deal marks Stonewall Kitchen’s sixth acquisition. Vermont Coffee will now join other brands such as Urban Accents and Vermont Village. With a 40,000-square-foot facility in Middlebury, Vermont Coffee is the best-selling brand of bagged organic coffee in grocery stores across the northeast, according to Stonewall Kitchen. The company offers more than 25 blends, with whole bean and pre-ground options available. Commenting on the acquisition, Vermont’s Founder…

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Campbell Soup reports double digit growth in Q3 net to US$2.24bn

USA – Campbell Soup’s net sales during the third quarter of fiscal year 2020 increased by 15% to US$2.24 billion, from US$1.953 billion posted in a comparative period last year, as the company witnessed favourable growth in volume in both meals & beverages and snacks with the stay-at-home mandate. The company’s organic net sales, excluding the impact from the October 2019 divested European chips business, further increased by 17% – which food and beverage company said was a reflection of increased demand of its products. “In the quarter, we experienced…

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Campbell Soup announces new sustainable packaging goals

USA – Campbell Soup Company has announced new packaging sustainability goals to reduce packaging waste by increasing circularity through keeping materials in use and out of landfills. Campbell Soup said that its new goals are designed to address all phases of the packaging lifecycle, from sourcing to end-of-life, including recycling or composting. According to the company, the holistic approach aims to reduce packaging waste through investments in recyclability, use of recycled content, and consumer education and infrastructure with the following four goals: The food and beverage firm has set out…

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Campbell Soup appoints Valerie Oswalta as president of snacks division

USA – Campbell Soup has appointed Valerie Oswalt as the new Executive Vice President and President of Campbell Snacks, effective March 9, 2020. Oswalt will now take charge of Campbell’s US$3.8 billion snacks division – which ranks as the third largest snack food company in the United States. The division comprises of brands like Goldfish, Milano, Pepperidge Farm, Snyder’s of Hanover, Lance, Kettle Brand, Cape Cod, Snack Factory Pretzel Crisps and Late July, among others. Oswalt will report to Mark Clouse, Campbell’s President and Chief Executive Officer, and will a…

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Kraft Heinz taps Campbell executive Abrams-Rivera as new US zone president

USA – The Kraft Heinz Company has appointed the president of Campbell Snacks Carlos Abrams-Rivera as the company’s new US Zone President, effective February 3, 2020. Abrams-Rivera, 52, will join the company after a successful career spanning more than two decades at companies including Campbell Soup Company, Mondelēz International, and Kraft Foods. Abrams-Rivera joined Campbell in 2015 and most recently served as Executive Vice President and President, Campbell Snacks, a new division that represents nearly 50 percent of Campbell’s annual sales. He will be stepping down from the position t…

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Valeo Foods completes acquisition of Campbell’s crisps business in Europe

IRELAND – Irish food group, Valeo Foods has closed the acquisition of European chips business from the Campbell Soup Company for approximately US$80 million. The acquisition, which was announced in September this year, includes Kettle Foods Limited in the United Kingdom and Yellow Chips B.V., which is based in The Netherlands. Under the terms the deal, Campbell will retain ownership of the Kettle brand and its operations in the US and other geographies while Valeo will be taking command of the snack brands sold across the UK, Europe and the Middle…

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Ferrero affiliate completes acquisition of Kelsen snacks business from Campbell

LUXEMBOURG – CTH, a Belgian holding company affiliated with the Ferrero Group, has completed its acquisition of Kelsen Group from the Campbell Soup in a US$300 million transaction, subject to customary adjustments. The deal, which was announced in July this year, includes the acquisition of two processing facilities in Nørre Snede and Ribe, Denmark, whilst retaining the management and the employees of the businesses. Kelsen manufactures cookies and baked snacks under the brands Royal Dansk and Kjeldsens and distributes products in more than 100 countries employing approximately 400. Campbell Soup…

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Valeo Foods acquires Campbell’s European crisp business for US$80m

EUROPE –  Irish food group, Valeo Foods has entered into an agreement with Campbell Soup Company to acquire its European crisp business for approximately €73 million (US$80 million) Under the agreement, Valeo will acquire Campbell’s Kettle Foods Limited – which manufactures and distributes hand cooked crisps under the Kettle, Go Pure and Metcalfe’s Skinny Popcorn brands- and its sister company Yellow Chips.  Campbell will retain ownership of the Kettle brand and its operation in the US and other geographies, with Valeo taking command of the snack brands sold across the UK,…

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Valeo Foods Group in talks to acquire Campbell’s snacks brands

IRELAND – Irish food group, Valeo Foods is in exclusive talks with Campbell Soup to buy the company’s Kettle Foods business in UK and Ireland for about US$60million (€54 million). Earlier this year, Campbell hired Barclays to sell the global operations of Kettle after pressure from an activist shareholder, which pushed for the disposal of non-core assets to cut debt and reduce costs. However, the Seamus Fitzpatrick backed Irish food group buyout talks are believed to exclude Kettle’s operations outside of the UK and Ireland. In addition to its flagship…

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