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Campbell Acquires Oregon-based Natural And Organic Foods Company

July 6, 2017: 12:00 AM EST
Campbell Soup Company announced it is paying $700 million in cash for Pacific Foods of Oregon, a fast-growing producer of natural and organic broths, soups, and shelf-stable, plant-based beverages and meals. Campbell said the purchase of the “natural foods industry pioneer” fits well with its philosophy of “real foods.” The company reported approximately $218 million in twelve-month net sales as of May 31, 2017. Campbell said it will use its expertise and resources to expand Pacific's distribution, boost marketing support for brand building, and invest in R&D and the supply chain. [ Image credit: © Pacific Foods  ]
"Campbell to Acquire Pacific Foods to Expand in Faster-Growing Health and Well-Being Categories", News release, Campbell Soup Company, July 06, 2017, © Campbell Soup Company
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