Campbell's acquires Rao's Homemade and Noosa
Campbell's acquired Sovos Brands for $23 per share in cash, principally to obtain Rao's Homemade, a premium pasta sauce growing far faster than the rest of the category. The Federal Trade Commission cleared the deal after a second request.
- Value
- $2.7bn
- Buyer
- Campbell's
- Seller
- Sovos Brands
- Regulatory
- None recorded