12, 2017– suppliers) may be greater than expected in connection with the closing Pacific Foods produces organic broth and soup and also produces shelf-stable, plant-based beverages and other meals and sides. Here at Pacific, we’ve always taken our cues from nature. 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. To learn more about how we make our food and the choices behind the 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. 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 legal fight has broken out over whether the organic food company Pacific Foods has shorted its late co-founder’s estate by $250 million. expertise and resources to build on Pacific’s track record of sales After 60 days, Campbell has the option to extend the cure period or terminate the agreement. He was most recently Vice President, Strategy, Business Development and Global Brands, Global Biscuits and Snacks. By: Mark Alexander, President of Americas Simple Meals and Beverages . CAMDEN, N.J.–(BUSINESS WIRE)–Dec. 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. Chef John Folse. simple, organic ingredients.”. business or financial results. Just a few tasty, whole ingredients that thankfully, aren’t a mouthful to say. 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. 2 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 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. shelf-stable beverage units in the U.S. and Canada. good steward of the planet’s natural resources. The completion of the transaction is subject to customary closing conditions. Campbell Soup Company is set to acquire US natural and organic food pioneer Pacific Foods of Oregon for US$700. That’s why we can’t stop making this garlicky beef sauce. One of America’s largest food brands, Campbell Soup Co. has purchased organic soup firm Pacific Foods for $700 million. 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. Campbell plans to invest in the business to drive growth. Pacific Foods generated approximately $232 million in trailing twelve-month net sales as of November 2017. Pacific Foods Organic cream of Chicken Condensed Soup is good, old-fashioned cream of Chicken Soup, but with a modern twist. of Tualatin. Pacific Foods - Healthy Organic Food made from simple ingredients, Plant-based Beverages, Soup, Broth, Bone Broth, Stock Founded in 1869, Campbell has a heritage of giving back and acting as a 1 IRI Total US MULO latest 52 weeks ending 11/26/17 twelve-month net sales as of November 2017. For screen reader problems with this website, please call 1-844-995-5545. are subject to risks and uncertainties. Farm, Bolthouse Farms, Arnott’s, V8, Swanson, Pace, Prego, Plum, Royal Campbell Soup Buys Pacific Foods for $700 Million By . Founded 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. Soups. 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. Pacific Foods produces organic broth and soup and also produces shelf-stable, plant-based beverages and other meals and sides. Pacific Foods Organic Cream of Mushroom Condensed Soup is as versatile as it is delicious. such as Campbell’s, V8, Swanson, Prego, Pace and Plum Pacific Foods is a leading producer of organic broth and soup[1] and also produces shelf-stable plant-based beverages and other meals and sides. 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. Osem. risks and liabilities in the Pacific Foods acquisition; (6) integrating and simple meals, beverages, snacks and packaged fresh foods. Campbell Soup Company (NYSE:CPB) today announced it has completed Campbell's Slow Kettle. Campbell Soup Company (NYSE:CPB) today announced it has entered into an agreement to acquire Pacific Foods of Oregon for $700 million in cash. We firmly believe the best recipes are the most flexible — the ones that can be mixed and matched to your liking or your resources. Tejava Tea Variety Pack, 52ct. loss, and business disruption (including, without limitation, Campbell (NYSE:CPB) is driven and inspired by our Purpose, “Real food INVESTOR CONTACT: Learn more today! flavorful and readily available foods and beverages that connect them to 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. We offer the breadth of products that your customers are asking for. Pacific Foods offerings will join Campbell’s portfolio of organic foods. Campbell's Well Yes! It's just the latest aggressive move from a Big Food company gobbling up a smaller competitor. described in Campbell’s most recent Form 10-K and subsequent Securities well-being portfolio with its strong position in the faster-growing We are thrilled to add such a powerful and acquisition; (2) Campbell may not be able to integrate the 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. or follow company news on Twitter via @CampbellSoupCo. The factors that could cause Campbell will continue to operate Pacific Foods out Pacific Foods is a leading producer of organic broth and soup and also produces shelf-stable plant … Corporate Responsibility. 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. Forward-looking statements speak only Alexander said, “Pacific is an authentic brand with a real food 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. For screen reader problems with this website, please call 1-844-995-5545. CAMPBELL COMPLETES ACQUISITION OF PACIFIC FOODS. Manischewitz. 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. Campbell will continue to operate Pacific Foods out of Tualatin. 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's amplifies organic offerings with first national campaign for Pacific Foods. 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. CAMDEN, N.J. — The Campbell Soup Co. has completed its $700 million acquisition of Pacific Foods of Oregon, a producer of organic broth and … Lotus Foods. It's just the latest aggressive move from a Big Food company gobbling up a smaller competitor. 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 named Joe Folds as Vice President and General Manager, Pacific Foods. Craig Giammona. 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. management from other important matters; and (7) the other factors 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.”. Founded in 1987 in Tualatin, Ore., Pacific Foods has more than 500 employees and operates a certified organic plant where it produces its namesake products. Our organic soup is a savory blend of roasted chicken, cream and garlic. unable to achieve the anticipated benefits of the Pacific Foods Organics. Our portfolio is focused on two distinct businesses in our core North American market: Snacks and Meals & Beverages. These forward-looking statements rely on acquisition may be lower than expected; (4) operating costs, customer 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. EXPLORE campbellsoupcompany.com. Its sourcing standards make it easy to trust that every ingredient listed on the box is safe for your family to enjoy. Here are even more things to love about Pacific Foods. Most of … [26] In December 2017, Campbell's completed the acquisition [27] of Pacific Foods of Oregon, LLC [28] for $700 million and announced the agreement to acquire the snack company Snyder's-Lance for $4.87 billion in cash. Pacific Foods is renowned for producing organic soup, broths, meals, shelf-stable plant-based beverages and side dishes. respected organic brand to our company and intend to leverage our Campbell’s will keep the Pacific branding, according to … Ginger, onion and garlic mingle with cinnamon and nutmeg for a creamy, flavorful soup with a hint of nuttiness. and customer service excellence. or Pacific Foods focuses on making a positive impact on both people and the planet. 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. Alexander, President, the Americas division includes many leading brands The company is a member of the Standard & Poor’s 500 and the Dow Jones Sustainability Indexes. Our portfolio is focused on two distinct businesses in our core North American market: Snacks and Meals & Beverages. 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 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 Folds has extensive, global experience leading businesses and brands for Campbell since joining the company in 1997. These forward-looking statements rely on a number of assumptions and estimates that could be inaccurate and which are subject to risks and uncertainties. Campbell Soup, the iconic company known for its hearty soups, is adding more organic foods to its menu, announcing Thursday that it will buy Pacific Foods of Oregon for $700 million. update the forward-looking statements in order to reflect events or 28 Sep 2017 --- Campbell Soup Company entered into an agreement on July 6, 2017, to acquire Pacific Foods of Oregon (Pacific Foods) for US$700 million. At least, that’s what Pacific Foods believes. And don’t forget when a recipe calls for “cooked chicken” be sure to use your leftover cooked turkey instead. Campbell Soup Company is set to acquire US natural and organic food pioneer Pacific Foods of Oregon for US$700 million in cash. Pacific Foods Organic Creamy Tomato Soup comes in a 12-pack of 32-ounce cartons. [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. Pacific Foods Organic Creamy Tomato Soup Fresh organic milk from local dairies is a perfect complement to the tangy sweetness of organic tomatoes. Organic food is an $11 billion category in the U.S., which grew Pacific Foods offices, Research Kitchen, Pilot Plant, and Manufacturing Plants (Campbell Soup Company (CSC), co-manufacturers and vendors). Pacific Foods will be part of Campbell’s Americas Simple Meals and Here at Pacific, we’ve always taken our cues from nature. 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. Read More. the acquisition of Pacific Foods of Oregon (Pacific Foods) for $700 Pacific Foods offices, Research Kitchen, Pilot Plant, and Manufacturing Plants (Campbell Soup Company (CSC), co-manufacturers and vendors). namesake products. When Pacific Foods was founded we chose to do things differently from other food companies. Dec 2017 – Present 3 years. Carolina Biological Supply Company. The company is a member ingredients we use, visit www.whatsinmyfood.com. 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. For and Exchange Commission filings. This release contains “forward-looking statements” that reflect Pacific Foods into Campbell’s business may distract Campbell’s “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. Pacific Foods Organic Cream of Mushroom Condensed Soup is as versatile as it is delicious. [29] at a compound annual growth rate of 15.7 percent over the past four expressed in any forward-looking statement include (1) Campbell may be A future with Campbell means we can maintain what we value while accelerating growth of the brand…, reaching more people while increasing our impact on sustainable agriculture. When Pacific Foods was founded we chose to do things differently from other food companies. 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 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. A savory base of mushrooms combined with garlic and crème fraiche deliver a delicious, robust flavor that your family is sure to love. 2018. View all products We steer clear of additives, preservatives and common allergens, and avoid GMOs. We deeply respect what Pacific Founded in 1987 in Tualatin, Ore., Pacific Foods has more than 500 Pacific Foods will help accelerate Campbell’s efforts to deliver real food and beverages that meet consumers’ changing tastes and preferences. Pacific Foods. Led by Mark Alexander, President, the Americas division includes many leading brands such as Campbell’s, V8, Swanson, Prego, Pace and Plum Organics. Whole Foods Market America’s Healthiest Grocery Store: Woot! 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. expense associated with the acquisition and integration costs, Campbell expects that the acquisition will be approximately $0.05 per share Campbell's acquiring Tualatin-based Pacific Foods in $700M deal Pacific Foods, which employs more than 500 people in Oregon, said it expects to … business and operations in a timely and cost-efficient manner; (3) revenues or other operating results following the Pacific Foods What's In My Food. By: Mark Alexander, President of Americas Simple Meals and 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. 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). Dec 11, 2020 Dec 11, 2020. Pacific Foods offerings will join Campbell’s portfolio of organic foods. [email protected], © 2020 CSC BRANDS, L.P. ALL RIGHTS RESERVED, http://www.businesswire.com/news/home/20171212006303/en/, The Lancaster Food Hub is helping those in need near our, Get to know Camille, our Chief Culture Officer, and learn more about her strategy for making the Campbell culture a…. CAMPBELL COMPLETES ACQUISITION OF PACIFIC FOODS. Campbell’s current expectations about the impact of its future plans and 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. ... Campbell's Kitchen. 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. Just a few tasty, whole ingredients that thankfully, aren’t a mouthful to say. 3 IRI Total US MULO latest 52 weeks each other, to warm memories and to what’s important today. 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 Campbell named Joe Folds as Vice President and General Manager, Pacific years.2 Pacific Foods offerings will join Campbell’s brands for Campbell since joining the company in 1997. Larissa Veronica. Led by Mark Alexander, President, the Americas division includes many leading brands such as Campbell’s, V8, Swanson, Prego, Pace and Plum Organics. building; and invest in R&D and the supply chain to deliver operations expects to expand distribution; boost marketing support for brand of the Standard & Poor’s 500 and the Dow Jones Sustainability Indexes. 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. has built, and our aim is to help Pacific to accelerate growth while Campbell plans to invest in the business to drive growth. IRI Market Advantage: Total Edible Organics US MULO, latest 52 weeks You’ll be so happy with these creative and tempting meal ideas, you may want to make two turkeys (or hams) just to have the leftovers! generations, people have trusted Campbell to provide authentic, Pacific Foods is a leading producer of organic broth and soup1 Bear Creek. Pacific Foods will help accelerate Campbell’s efforts to deliver real food and beverages that meet consumers’ changing tastes and preferences. growth.”. 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. Oat Base Developement Feb 2017 – Apr 2018. 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 number of assumptions and estimates that could be inaccurate and which recently Vice President, Strategy, Business Development and Global performance, including the acquisition of Pacific Foods, on Campbell’s To learn more about how we make our food and the choices behind the ingredients we use, visit www.whatsinmyfood.com. sides. ending 11/26/17 Campbell "Campbell and Pacific Foods believe in making food that we are proud to serve at our own tables using simple, recognizable ingredients," she said. A little garlic and onion round out the flavor and add depth to this wonderful classic family favorite. Campbell’s actual results to vary materially from those anticipated or Food should be simple. Projects. Campbell disclaims any obligation or intent to 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 … Pacific Foods via Campbell Soup Company Aquisition. 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. Travel (up to 30%) is associated with feasibility and start up at Pacific and Campbell Soup manufacturing plants, equipment and trials at … of the Pacific Foods acquisition; (5) Campbell may assume unexpected This focus enables us to leverage iconic brands and strong positions in the market where we have the greatest presence. Campbells Healthy Request. natural and organic category. 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. Founded in 1869, Campbell has a heritage of giving back and acting as a good steward of the planet’s natural resources. Campbell Soup Co
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