Campbell to Acquire Parent Company of Rao's for $2.7 Billion

  • 📰 PhillyDailyNews
  • ⏱ Reading Time:
  • 35 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 67%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Daily News | Campbell is acquiring the parent company of Rao’s for $2.7 billion

, cranking out 1,500 goldfish a second, according to Bloomberg.

“As one of the most trusted and respected food companies in North America, I’m confident in Campbell’s ability to continue bringing our products to more households,” Todd Lachman, founder, president and CEO of Sovos Brands, said in a press release. Prior to the announcement of the acquisition, Rao’s was one of Campbell’s competitors in the soup market. The company’s soups, from Italian wedding soup to vegetable minestrone, are sold in clear glass jars. In the past,, pointing out that the clear jars have nothing to hide. In the ad, one of the Rao’s soup jars is placed next to a series of cans in a timeline that dates back to the creation of condensed soup, which Campbell popularized.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 89. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines