For more information, visit www.campbellsoupcompany.com or follow company news on Twitter via @CampbellSoupCo. Campbell plans to invest in the business to drive growth. flavorful and readily available foods and beverages that connect them to At Pacific Foods, we believe that making foods we're proud of is as much … Foods. A legal fight has broken out over whether the organic food company Pacific Foods has shorted its late co-founder’s estate by $250 million. Campbell Soup Company (NYSE:CPB) today announced it has entered into an agreement to acquire Pacific Foods of Oregon for $700 million in cash. 2018. 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. well-being portfolio with its strong position in the faster-growing employees and operates a certified organic plant where it produces its He was most recently Vice President, Strategy, Business Development and Global Brands, Global Biscuits and Snacks. Campbell's acquiring Tualatin-based Pacific Foods in $700M deal Pacific Foods, which employs more than 500 people in Oregon, said it expects to … and Exchange Commission filings. Tualatin, Oregon, United States. Campbell disclaims any obligation or intent to update the forward-looking statements in order to reflect events or circumstances after the date of this release. ending 11/26/17 Home; About Us. years.2 Pacific Foods offerings will join Campbell’s of the Standard & Poor’s 500 and the Dow Jones Sustainability Indexes. expressed in any forward-looking statement include (1) Campbell may be View all products Ken Pacific Foods offerings will join Campbell’s portfolio of organic foods. Pacific Foods - Healthy Organic Food made from simple ingredients, Plant-based Beverages, Soup, Broth, Bone Broth, Stock 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. For generations, people have trusted Campbell's Soup to provide authentic, flavorful and readily available soups, meals, and recipes. Dr. McDougall's Right Foods. iconic Campbell’s brand, our portfolio includes Pepperidge Foods will contribute approximately $100 million in net sales in fiscal Campbell expects that Pacific building; and invest in R&D and the supply chain to deliver operations Campbell’s current expectations about the impact of its future plans and Pacific Foods Light Sodium Organic Butternut Squash Soup contains butternut squash that is harvested each fall, and is simmered slowly to bring out its natural sweetness and smooth texture. described in Campbell’s most recent Form 10-K and subsequent Securities Campbell expects that Pacific Foods will contribute approximately $100 million in net sales in fiscal 2018. CAMDEN, N.J.–(BUSINESS WIRE)–Dec. Pacific Foods - Healthy Organic Food made from simple ingredients, Plant-based Beverages, Soup, Broth, Bone Broth, Stock Dec 11, 2020 Dec 11, 2020. or follow company news on Twitter via @CampbellSoupCo. 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. [2] Pacific Foods offerings will join Campbell’s portfolio of organic foods, which is in the top 10 in the industry. loss, and business disruption (including, without limitation, The company is a member To learn more about how we make our food and the choices behind the One of America’s largest food brands, Campbell Soup Co. has purchased organic soup firm Pacific Foods for $700 million. Organic food is an $11 billion category in the U.S., which grew at a compound annual growth rate of 15.7 percent over the past four years. For screen reader problems with this website, please call 1-844-995-5545. EXPLORE campbellsoupcompany.com. [1] IRI Total US MULO latest 52 weeks ending 11/26/17, [2] IRI Market Advantage: Total Edible Organics US MULO, latest 52 weeks ending 11/26/17, [3] IRI Total US MULO latest 52 weeks ending 10/29/17, – Chamomile, Lavender and Turmeric Spice up the Popular Beverage – TUALATIN, Ore. – January 23, 2020 – Pacific Foods is ... Read More, Pacific Foods Nourishes Local Nonprofits with $60,000 in Grants TUALATIN, Ore. – June 17, 2019 – Pacific Foods’ long-standing ... Read More, Pacific Foods’ Bone Broth Gives New Organic Soups a Nourishing Boost – Global Flavors and Classic Favorites Get the Added ... Read More. at a compound annual growth rate of 15.7 percent over the past four 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 Soup Co said on Thursday it would buy Pacific Foods, which makes organic soups and broths, for $700 million in cash to boost its health food options amid changing consumer tastes. generations, people have trusted Campbell to provide authentic, Read More. Organic food is an $11 billion category in the U.S., which grew We steer clear of additives, preservatives and common allergens, and avoid GMOs. Whole Foods Market America’s Healthiest Grocery Store: Woot! Campbell's Well Yes! It's just the latest aggressive move from a Big Food company gobbling up a smaller competitor. Pacific Foods into Campbell’s business may distract Campbell’s PACIFIC FOODSERVICE Extraordinary performance PACIFIC FOODSERVICE Crowd Pleasers PACIFIC FOODSERVICE Unmatched Variety PACIFIC FOODSERVICE Delicious Nourishment Your customers want options For more than 20 years we have been the innovators in plant-based beverages and organic soups and broths. Founded in 1987 in Tualatin, Ore., Pacific Foods has more than 500 revenues or other operating results following the Pacific Foods dilutive to its fiscal 2018 earnings. Campbell Soup Company is set to acquire US natural and organic food pioneer Pacific Foods of Oregon for US$700. Our organic soup is a savory blend of roasted chicken, cream and garlic. Founded in 1869, Campbell has a heritage of giving back and acting as a good steward of the planet’s natural resources. business and operations in a timely and cost-efficient manner; (3) Samyang. 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. business or financial results. 6, 2017– Campbell Soup Company (NYSE:CPB) today announced it has entered into an agreement to acquire Pacific Foods of Oregon for $700 million in cash. Folds has extensive, global experience leading businesses and [3], Denise Morrison, Campbell’s President and Chief Executive Officer, said, “Pacific Foods is an excellent strategic fit with Campbell’s health and well-being portfolio with its strong position in the faster-growing natural and organic category. This soup is great as a base for soups, casseroles and sauces. For more information, visit www.campbellsoupcompany.com Pacific Foods offerings will join Campbell’s portfolio of organic foods. We are thrilled to add such a powerful and Oat Base Developement Feb 2017 – Apr 2018. 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 The factors that could cause Organic food is an $11 billion category in the U.S., which grew at a compound annual growth rate of 15.7 percent over the past four years. The completion of the transaction is subject to customary closing conditions. Pacific Foods offices, Research Kitchen, Pilot Plant, and Manufacturing Plants (Campbell Soup Company (CSC), co-manufacturers and vendors). 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. We firmly believe the best recipes are the most flexible — the ones that can be mixed and matched to your liking or your resources. The factors that could cause Campbell’s actual results to vary materially from those anticipated or expressed in any forward-looking statement include (1) Campbell may be unable to achieve the anticipated benefits of the Pacific Foods acquisition; (2) Campbell may not be able to integrate the Pacific Foods business and operations in a timely and cost-efficient manner; (3) revenues or other operating results following the Pacific Foods acquisition may be lower than expected; (4) operating costs, customer loss, and business disruption (including, without limitation, difficulties in maintaining relationships with employees, customers, and suppliers) may be greater than expected in connection with the closing of the Pacific Foods acquisition; (5) Campbell may assume unexpected risks and liabilities in the Pacific Foods acquisition; (6) integrating Pacific Foods into Campbell’s business may distract Campbell’s management from other important matters; and (7) the other factors described in Campbell’s most recent Form 10-K and subsequent Securities and Exchange Commission filings. We began with time-honored recipes using simple ingredients from growers we trusted, and we adopted sustainable practices to ensure kinder treatment of people, animals, and the planet. Campbell expects to expand distribution; boost marketing support for brand building; and invest in R&D and the supply chain to deliver operations and customer service excellence. sides. 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 … 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. Carolina Biological Supply Company. 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. Projects. Pacific Foods is a leading producer of organic broth and soup1 Its sourcing standards make it easy to trust that every ingredient listed on the box is safe for your family to enjoy. Organic food is an $11 billion category in the U.S., which grew at a compound annual growth rate of 15.7 percent over the past four years. Pacific Foods is a leading producer of organic broth and soup and also produces shelf-stable plant … Led by Mark Alexander, President, the Americas division includes many leading brands such as Campbell’s, V8, Swanson, Prego, Pace and Plum Organics. CAMPBELL COMPLETES ACQUISITION OF PACIFIC FOODS. the acquisition of Pacific Foods of Oregon (Pacific Foods) for $700 This soup is great as a base for soups, casseroles and sauces. Learn more today! Campbell will continue to operate Pacific Foods out of Tualatin. Learn more today! What's In My Food. and also produces shelf-stable plant-based beverages and other meals and Campbell Soup Buys Pacific Foods for $700 Million By . Campbell’s actual results to vary materially from those anticipated or Lotus Foods. of the Pacific Foods acquisition; (5) Campbell may assume unexpected simple, organic ingredients.”. Pacific Foods produces organic broth and soup and also produces shelf-stable, plant-based beverages and other meals and sides. Pacific Foods produces organic broth and soup and also produces shelf-stable, plant-based beverages and other meals and sides. Campbell Soup Company (NYSE:CPB) today announced it has completed At Pacific Foods, we believe that making foods we're proud of is as much about the ingredients we use as it is about the actual recipe. Just a few tasty, whole ingredients that thankfully, aren’t a mouthful to say. Food should be simple. Soup, snacks and snow—it’s the holiday season! Here at Pacific, we’ve always taken our cues from nature. 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. A savory base of mushrooms combined with garlic and crème fraiche deliver a delicious, robust flavor that your family is sure to love. Campbell named Joe Folds as Vice President and General Manager, Pacific update the forward-looking statements in order to reflect events or Osem. A savory base of mushrooms combined with garlic and crème fraiche deliver a delicious, robust flavor that your family is sure to love. Campbells Healthy Request. Just a few tasty, whole ingredients that thankfully, aren’t a mouthful to say. million in cash, subject to customary purchase price adjustments. 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. expense associated with the acquisition and integration costs, Campbell 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. Corporate Responsibility. ... Campbell's Kitchen. suppliers) may be greater than expected in connection with the closing Alexander said, “Pacific is an authentic brand with a real food 2 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. Pacific Foods Organic Creamy Tomato Soup Fresh organic milk from local dairies is a perfect complement to the tangy sweetness of organic tomatoes. 1 IRI Total US MULO latest 52 weeks ending 11/26/17 Campbell will immediately begin to integrate Pacific Food’s key functions. Founded Batchelors. The way we see it, nature knows how foods should taste, and we just try to follow her lead. We offer the breadth of products that your customers are asking for. Pacific Foods generated approximately $232 million in trailing Alexander, President, the Americas division includes many leading brands 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.”. of Tualatin. Pacific Foods. Chef John Folse. are subject to risks and uncertainties. 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