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Campbell Soup Company (CPB)

  • Wed, Jan. 7, 10:59 AM
  • Wed, Jan. 7, 8:05 AM
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  • Wed, Jan. 7, 7:12 AM
  • May 27, 2014, 7:28 AM
  • May 12, 2014, 7:13 AM
  • Dec. 17, 2013, 2:56 PM
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  • Aug. 12, 2013, 10:33 AM
  • Jun. 17, 2013, 5:08 PM
    Campbell (CPB) is acquiring Denmark's Kelsen Group, owner of the Kjeldsens and Royal Dansk baked snack brands (the latter is known to U.S. consumers for its butter cookies), from P-E firm Maj Invest for an undisclosed sum. Kelsen had 2012 sales of $180M, has been growing at a "compound double-digit rate" since '09, and has seen its Chinese sales grow at a 28% CAGR over the last 3 years. The deal will bolster a baked snack business that includes the Pepperidge Farm cookie/cracker brand, and the Arnotts Australian biscuit brand. It's expected to be "modestly accretive" starting in 2014.
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  • May 24, 2013, 10:15 AM
    Campbell's Soup (CPB -0.8%) trades lower after announcing it will acquire Plum Organics, a maker of organic foods for kids, for an undisclosed amount. CPB is apparently looking to cash in on a growing market for premium and organic baby food and says that with the addition, the company's "portfolio of kids-focused soups, beverages and snacks will have annual sales of more than $1B." Plum is the No. 4 baby food brand in the country, with $93M in gross sales during 2012. (PR)
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  • Sep. 13, 2012, 5:52 AM
    Campbell Soup (CPB) is considering making acquisitions as part of an attempt to expand its baking and snacking business into more international territories, CEO Denise Morrison tells the WSJ. Campbell is still formulating its global strategy for the operations, which includes encouraging more co-operation between its Pepperidge Farm and Arnott's brands.
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  • Jul. 9, 2012, 8:02 AM
    Campbell Soup (CPB) announces that it will buy Bolthouse Farms for $1.55B in a cash deal slated to close in late summer. The company estimates the acquisition will add $0.05-$0.07 to EPS in FY13.
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  • May 4, 2012, 1:23 PM
    Reports tip off that Campbell Soup (CPB +0.2%) and Blackstone (BX +0.5%) might have teamed up to make a bid to acquire WM Bolthouse Farms.
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Company Description
Campbell Soup Co together with its subsidiaries is engaged in manufacturing and marketing of branded convenience food products.