Campbell Soup to Acquire Rao's Pasta Sauce Maker Sovos Brands

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Campbell Soup to Acquire Rao's Pasta Sauce Maker Sovos Brands
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Campbell Soup is set to buy Sovos Brands, the maker of Rao’s pasta sauces. 🍅🥫

Jars of Rao's sauce are displayed at a food store in New York on Tuesday, Aug. 8, 2023. Campbell Soup is set to buy Sovos Brands, the maker of Rao's pasta sauces.

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Campbell Soup Company Acquires Sovos Brands for $2.7 BillionCampbell Soup Company Acquires Sovos Brands for $2.7 BillionCampbell Soup Company is expanding its presence in the Italian food market with the acquisition of Sovos Brands, the maker of popular Italian food brands such as Rao's sauces and Michael Angelo's frozen entrees. The deal, valued at $2.7 billion, also includes the acquisition of noosa yogurt.
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Chicken noodle soup king Campbell just spent $2.7 billion to buy Rao's saucesChicken noodle soup king Campbell just spent $2.7 billion to buy Rao's saucesRao's — which went public in 2021 — will join a Campbell sauce portfolio consisting of lower priced Prego and Swanson broths. The company posted $878.4 million in net sales last year and $67.8 million in net income.
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Campbell to Acquire Sovos Brands for $2.33 BillionCampbell to Acquire Sovos Brands for $2.33 BillionCampbell Soup, a U.S. packaged food maker, has announced its acquisition of Sovos Brands, the owner of Michael Angelo's and Rao's, for $2.33 billion in cash. This move aims to enhance Campbell's product portfolio with rapidly growing brands.
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Campbell Soup Acquires Rao's Pasta Sauce Makers for $2.7 BillionCampbell Soup Acquires Rao's Pasta Sauce Makers for $2.7 BillionCampbell Soup Company has announced its acquisition of the makers of Rao's pasta sauce, Sovos Brands, for a total of $2.7 billion. In addition to Rao's sauces, Sovos also produces other food products such as dry pasta, soups, frozen entrees, and yogurt under brands like Michael Angelo's and noosa. Rao's is Sovos' most popular brand, accounting for approximately 69% of the company's adjusted net sales of $837 million last year.
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Campbell to buy Rao's premium sauces maker Sovos for $2.33 blnCampbell to buy Rao's premium sauces maker Sovos for $2.33 blnU.S. packaged food maker Campbell Soup will buy Michael Angelo's and Rao's owner Sovos Brands for $2.33 billion in cash, the company said on Monday, beefing up its meals and beverages business with the maker of premium Italian sauces.
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Campbell to buy Rao’s premium sauces maker Sovos for $2.33 billionCampbell to buy Rao’s premium sauces maker Sovos for $2.33 billionU.S. packaged food maker Campbell Soup will buy Michael Angelo’s and Rao’s owner Sovos Brands for $2.33 billion in cash, the company said on Monday, beefing up its meals and beverages b…
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