Rao's Homemade is owned by Campbell's (the United States, NASDAQ: CPB), which acquired the brand on 12 March 2024 from Sovos Brands.[1][1] Before Campbell's, Rao's Homemade was owned by Sovos Brands from 2017 to 2024.[1]
Rao's Homemade sells pasta sauce made to the recipe of a Harlem restaurant so small and so hard to book that its reputation carried the retail brand entirely. Campbell's acquired parent Sovos Brands in 2024 for $2.7 billion, its largest deal since Snyder's-Lance.
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.