Campbell (NYSE:CPB) is driven and inspired by our Purpose, “Real food that matters for life’s moments.” We make a range of high-quality soups and simple meals, beverages, snacks and packaged fresh foods. such as Campbell’s, V8, Swanson, Prego, Pace and Plum For screen reader problems with this website, please call 1-844-995-5545. expects to expand distribution; boost marketing support for brand He was most Batchelors. ... Campbell's Kitchen. We firmly believe the best recipes are the most flexible — the ones that can be mixed and matched to your liking or your resources. In June 2015, Campbell Soup acquired salsa maker Garden Fresh Gourmet for $231 million as it looked to expand into the fresh and organic packaged foods business. of the Pacific Foods acquisition; (5) Campbell may assume unexpected Ginger, onion and garlic mingle with cinnamon and nutmeg for a creamy, flavorful soup with a hint of nuttiness. Campbell Soup Buys Pacific Foods for $700 Million By . simple, organic ingredients.”. loss, and business disruption (including, without limitation, Pacific Foods will form part of Campbell Americas Simple Meals and Beverages segment, joining its namesake brand and other existing brands like V8, Swanson, Prego, Pace and Plum Organics. or Once again demonstrating its focus on diversification, this acquisition is the latest in a long line of Campbell deals over the last five years focused on reshaping the company’s portfolio for continued growth. risks and liabilities in the Pacific Foods acquisition; (6) integrating business and operations in a timely and cost-efficient manner; (3) The completion of the transaction is subject to customary closing conditions. ingredients we use, visit www.whatsinmyfood.com. flavorful and readily available foods and beverages that connect them to Pacific Foods - Healthy Organic Food made from simple ingredients, Plant-based Beverages, Soup, Broth, Bone Broth, Stock Dive Brief: Campbell's Soup has entered into an agreement to buy natural and organic brand Pacific Foods of Oregon for $700 million in cash, according to a company statement. Whole Foods Market America’s Healthiest Grocery Store: Woot! Corporate Responsibility. Founded in 1869, Campbell has a heritage of giving back and acting as a good steward of the planet’s natural resources. Learn more today! At Pacific Foods, we believe that making foods we're proud of is as much … Foods. While Pacific may already be attracting those demographics, this new detail signals that Campbell’s may have given up the hope that its eponymous label … and also produces shelf-stable plant-based beverages and other meals and Because this brand wants to know where its food comes from (and also wants to be able to share the sourcing stories with customers), Pacific Foods gathers ingredients for its rich broths, nourishing milks, and filling soups from farms the company has built long-term relationships with. years.2 Pacific Foods offerings will join Campbell’s a number of assumptions and estimates that could be inaccurate and which Our portfolio is focused on two distinct businesses in our core North American market: Snacks and Meals & Beverages. 6 All Natural Unsweetened Flavored Recyclable Single Serve Assorted Variety Pack Tea Pods Including Our Original Black Tea, Raspberry Tea, Peach Tea, Pineapple Mango Tea, Apple Cinnamon Tea, & Vanilla Chai Tea - Tea Leaves Sourced Exclusively From Rainforest Alliance Certified™ Farms The factors that could cause The deal is the latest in a string of acquisitions that have strengthened Campbell's offer in the high-performing natural and organic grocery space. Deals and Shenanigans: Zappos Shoes & Clothing: Ring Smart Home Security Systems eero WiFi Stream 4K Video in Every Room : Neighbors App Real-Time Crime & Safety Alerts Amazon Subscription Boxes Top subscription boxes – right to your door: PillPack Pharmacy Simplified Campbell named Joe Folds as Vice President and General Manager, Pacific We deeply respect what Pacific Lotus Foods. Its sourcing standards make it easy to trust that every ingredient listed on the box is safe for your family to enjoy. The acquisition will also further Campbell’s efforts to drive innovation in health and well-being to reinvent the center store, while giving the company more access to natural and organic customers and channels, according to officials. sides. Just a few tasty, whole ingredients that thankfully, aren’t a mouthful to say. suppliers) may be greater than expected in connection with the closing This release contains “forward-looking statements” that reflect Campbell’s current expectations about the impact of its future plans and performance, including the acquisition of Pacific Foods, on Campbell’s business or financial results. Campbell's knows consumers are reaching for organic food and beverages more often than not these days; in particular, its Pacific Food brand has been flying off store shelves due to its organic ingredient lists, dense nutrition profiles and convenience. Looking to expand its organic reach and diversify its already broad stable of brands, Campbell Soup Company has announced that it has entered into an agreement to acquire Pacific Foods of Tualatin, Oregon, for $700 million in cash.“This acquisition is consistent with our purpose, ‘real food that matters for life’s moments.’ Pacific is an authentic brand with a loyal consumer Pacific Foods will form part of Campbell Americas Simple Meals and Beverages segment, joining its namesake brand and other existing brands like V8, Swanson, Prego, Pace and Plum Organics. This focus enables us to leverage iconic brands and strong positions in the market where we have the greatest presence. To learn more about how we make our food and the choices behind the ingredients we use, visit www.whatsinmyfood.com. Tejava Tea Variety Pack, 52ct. Led by our Pacific Foods will be part of Campbell’s Americas Simple Meals and Here at Pacific, we’ve always taken our cues from nature. PACIFIC FOODS TO BE ACQUIRED BY CAMPBELL SOUP COMPANY – Companies Recognize Potential for Growth, Remain Committed to Oregon Operations, Employees – TUALATIN, ORE. – July 5, 2017 – Pacific Foods today announced it has signed a definitive agreement to be acquired by Campbell Soup Company (NYSE: CPB). Bear Creek. Pacific Foods produces organic broth and soup and also produces shelf-stable, plant-based beverages and other meals and sides. This release contains “forward-looking statements” that reflect ... Campbell's Chunky Healthy Request. ending 11/26/17 unable to achieve the anticipated benefits of the Pacific Foods the acquisition of Pacific Foods of Oregon (Pacific Foods) for $700 Pacific Foods focuses on making a positive impact on both people and the planet. of the Standard & Poor’s 500 and the Dow Jones Sustainability Indexes. Learn more today! It’s rich and creamy thanks to Campbell’s® Cream of Mushroom Soup and extra-flavorful because of Pacific Foods® Organic Free-Range Chicken Broth. Pacific Foods generated approximately $232 million in trailing CONTACT: Over $8 million in funds and food for COVID-19 recovery in our hometowns. Founded in 1987 in Tualatin, Ore., Pacific Foods has more than 500 CAMPBELL COMPLETES ACQUISITION OF PACIFIC FOODS. The deal is the latest in a string of acquisitions that have strengthened Campbell’s offer in the high-performing natural and organic grocery space. Campbell's Well Yes! We are thrilled to add such a powerful and natural and organic category. Campbell's amplifies organic offerings with first national campaign for Pacific Foods. shelf-stable beverage units in the U.S. and Canada. ALL RIGHTS RESERVED. and Exchange Commission filings. Soups. twelve-month net sales as of November 2017. Pacific Foods Organic Creamy Tomato Soup Fresh organic milk from local dairies is a perfect complement to the tangy sweetness of organic tomatoes. Dec 2017 – Present 3 years. Ken And don’t forget when a recipe calls for “cooked chicken” be sure to use your leftover cooked turkey instead. Campbell expects that Pacific Foods will contribute approximately $100 million in net sales in fiscal 2018. Pacific Foods, which is owned by a subsidiary of Campbell Soup Co., has filed a $30 million lawsuit against Chuck Eggert and his company Keystone-Pacific. According to Campbell, the acquisition will also further its efforts to drive innovation in health and well-being to reinvent the center store, while giving the company more access to natural and organic customers and channels. Pacific Foods will be part of Campbell’s Americas Simple Meals and Beverages division, which includes Campbell’s soup, simple meals and shelf-stable beverage units in the U.S. and Canada. A savory base of mushrooms combined with garlic and crème fraiche deliver a delicious, robust flavor that your family is sure to love. Led by Mark Alexander, President, the Americas division includes many leading brands such as Campbell’s, V8, Swanson, Prego, Pace and Plum Organics. “We remain enthusiastic about acquiring Pacific Foods, which has a track record of growth and strong health and well-being credentials," said Mark Alexander, Campbell’s President, Americas Simple Meals and Beverages, in a statement. Campbell Soup Company (NYSE:CPB) today announced it has entered into an agreement to acquire Pacific Foods of Oregon for $700 million in cash. Chef John Folse. growth.”. Dec 11, 2020 Dec 11, 2020. Pacific Foods. The company is a member Pacific Foods Infuses Organic Bone Broth with Herbs for Savory Sipping, Pacific Foods Nourishes Local Nonprofits with $60,000 in Grants, Pacific Foods’ Bone Broth Gives New Organic Soups a Nourishing Boost. brands for Campbell since joining the company in 1997. Campbell’s US$700m Cash Deal for Pacific Foods 07 Jul 2017 --- Campbell Soup Company has entered into an agreement to acquire Pacific Foods of Oregon for US$700 million. Including the impact of purchase accounting, an increase in interest expense associated with the acquisition and integration costs, Campbell expects that the acquisition will be approximately $0.05 per share dilutive to its fiscal 2018 earnings. Pacific Foods Organic Creamy Tomato Soup Fresh organic milk from local dairies is a perfect complement to the tangy sweetness of organic tomatoes. Led by our iconic Campbell’s brand, our portfolio includes Pepperidge Farm, Bolthouse Farms, Arnott’s, V8, Swanson, Pace, Prego, Plum, Royal Dansk, Kjeldsens, Garden Fresh Gourmet and Pacific Foods. CAMDEN, N.J., Dec. 12, 2017 – Campbell Soup Company (NYSE:CPB) today announced it has completed the acquisition of Pacific Foods of Oregon (Pacific Foods) for $700 million in cash, subject to customary purchase price adjustments. For generations, people have trusted Campbell to provide authentic, flavorful and readily available foods and beverages that connect them to each other, to warm memories and to what’s important today. Forward-looking statements speak only as of the date made. Campbell expects that Pacific Our portfolio is focused on two distinct businesses in our core North American market: Snacks and Meals & Beverages. Pacific Foods will be part of Campbell’s Americas Simple Meals and Beverages division, which includes Campbell’s soup, simple meals and shelf-stable beverage units in the U.S. and Canada. Campbell Pacific Foods offices, Research Kitchen, Pilot Plant, and Manufacturing Plants (Campbell Soup Company (CSC), co-manufacturers and vendors). We make foods that are clean and simple, using only natural and organic grains, meats and veggies, while trying to source as close to home as possible. and simple meals, beverages, snacks and packaged fresh foods. Soup, snacks and snow—it’s the holiday season! Travel (up to 30%) is associated with feasibility and start up at Pacific and Campbell Soup manufacturing plants, equipment and trials at vendor and co-manufacturing. Campbell will continue to operate Pacific Foods out of Tualatin. We deeply respect what Pacific has built, and our aim is to help Pacific to accelerate growth while continuing its purpose-driven mission: to make nourishing foods with simple, organic ingredients.”. Thomas Hushen, 856-342-5227 Campbell will immediately begin to 3 IRI Total US MULO latest 52 weeks Campbell Soup Company is set to acquire US natural and organic food pioneer Pacific Foods of Oregon for US$700. expense associated with the acquisition and integration costs, Campbell Beverages division, which includes Campbell’s soup, simple meals and Tualatin, Oregon, United States. Pacific Foods Organic Cream of Mushroom Condensed Soup is as versatile as it is delicious. We are thrilled to add such a powerful and respected organic brand to our company and intend to leverage our expertise and resources to build on Pacific’s track record of sales growth.”. [email protected], © 2020 CSC BRANDS, L.P. 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