simple, organic ingredients.”. employees and operates a certified organic plant where it produces its ALL RIGHTS RESERVED. 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. flavorful and readily available foods and beverages that connect them to 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. 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 Pacific Foods - Healthy Organic Food made from simple ingredients, Plant-based Beverages, Soup, Broth, Bone Broth, Stock That’s why we can’t stop making this garlicky beef sauce. EXPLORE campbellsoupcompany.com. Folds has extensive, global experience leading businesses and Carolina Biological Supply Company. The completion of the transaction is subject to customary closing conditions. are subject to risks and uncertainties. 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. Campbell’s actual results to vary materially from those anticipated or 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. At least, that’s what Pacific Foods believes. Campbell will continue to operate Pacific Foods out 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. [29] Pacific Foods Organic Cream of Mushroom Condensed Soup is as versatile as it is delicious. good steward of the planet’s natural resources. Pacific Foods Organic Creamy Tomato Soup Fresh organic milk from local dairies is a perfect complement to the tangy sweetness of organic tomatoes. Pacific Foods is a leading producer of organic broth and soup1 a number of assumptions and estimates that could be inaccurate and which 1 IRI Total US MULO latest 52 weeks ending 11/26/17 Foods will contribute approximately $100 million in net sales in fiscal These forward-looking statements rely on a number of assumptions and estimates that could be inaccurate and which are subject to risks and uncertainties. In June 2015, Campbell Soup acquired salsa maker Garden Fresh Gourmet for $231 million as it looked to expand into the fresh and organic packaged foods business. 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. Our organic soup is a savory blend of roasted chicken, cream and garlic. ©2020 PACIFIC FOODS OF OREGON, LLC. Campbell Soup Company (NYSE:CPB) today announced it has completed 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. When Pacific Foods was founded we chose to do things differently from other food companies. A little garlic and onion round out the flavor and add depth to this wonderful classic family favorite. or Campbell expects that Pacific Foods will contribute approximately $100 million in net sales in fiscal 2018. Chef John Folse. Food should be simple. Bear Creek. Led by Mark Alexander, President, the Americas division includes many leading brands such as Campbell’s, V8, Swanson, Prego, Pace and Plum Organics. Gosnell, 856-342-6081 For screen reader problems with this website, please call 1-844-995-5545. Led by our 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. 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. This soup is great as a base for soups, casseroles and sauces. Campbell Campbell Soup Company (NYSE:CPB) today announced it has entered into an agreement to acquire Pacific Foods of Oregon for $700 million in cash. Pacific Foods. Campbell Soup Buys Pacific Foods for $700 Million By . Organic food is an $11 billion category in the U.S., which grew of Tualatin. MEDIA Pacific Foods will help accelerate Campbell’s efforts to deliver real food and beverages that meet consumers’ changing tastes and preferences. building; and invest in R&D and the supply chain to deliver operations suppliers) may be greater than expected in connection with the closing 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. 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. 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. Pacific Foods offices, Research Kitchen, Pilot Plant, and Manufacturing Plants (Campbell Soup Company (CSC), co-manufacturers and vendors). Our portfolio is focused on two distinct businesses in our core North American market: Snacks and Meals & Beverages. These forward-looking statements rely on Founded in 1987 in Tualatin, Ore., Pacific Foods has more than 500 growth.”. We firmly believe the best recipes are the most flexible — the ones that can be mixed and matched to your liking or your resources. as of the date made. dilutive to its fiscal 2018 earnings. 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 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. 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. Led by Mark 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. Learn more today! 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. Manischewitz. Tualatin, Oregon, United States. What's In My Food. Campbell plans to invest in the business to drive growth. 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. expects that the acquisition will be approximately $0.05 per share For screen reader problems with this website, please call 1-844-995-5545. The company is a member Forward-looking statements speak only A little garlic and onion round out the flavor and add depth to this wonderful classic family favorite. We deeply respect what Pacific Here at Pacific, we’ve always taken our cues from nature. continuing its purpose-driven mission: to make nourishing foods with Campbell named Joe Folds as Vice President and General Manager, Pacific Foods. And don’t forget when a recipe calls for “cooked chicken” be sure to use your leftover cooked turkey instead. Dec 15, 2020 Dec 15, 2020. To learn more about how we make our food and the choices behind the years.2 Pacific Foods offerings will join Campbell’s CONTACT: Pacific Foods generated approximately $232 million in trailing Campbell will immediately begin to CAMDEN, N.J. — The Campbell Soup Co. has completed its $700 million acquisition of Pacific Foods of Oregon, a producer of organic broth and … 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. Just a few tasty, whole ingredients that thankfully, aren’t a mouthful to say. business or financial results. View all products brands for Campbell since joining the company in 1997. Campbell’s current expectations about the impact of its future plans and expressed in any forward-looking statement include (1) Campbell may be Pacific Foods Organic Creamy Tomato Soup comes in a 12-pack of 32-ounce cartons. ingredients we use, visit www.whatsinmyfood.com. 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! The way we see it, nature knows how foods should taste, and we just try to follow her lead. IRI Market Advantage: Total Edible Organics US MULO, latest 52 weeks 2 Pacific Foods produces organic broth and soup and also produces shelf-stable, plant-based beverages and other meals and sides. Our portfolio is focused on two distinct businesses in our core North American market: Snacks and Meals & Beverages. Campbell Soup Company is set to acquire US natural and organic food pioneer Pacific Foods of Oregon for US$700. expense associated with the acquisition and integration costs, Campbell Campbells Healthy Request. Ken loss, and business disruption (including, without limitation, Soup, snacks and snow—it’s the holiday season! 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 … acquisition may be lower than expected; (4) operating costs, customer Pacific Foods Organic cream of Chicken Condensed Soup is good, old-fashioned cream of Chicken Soup, but with a modern twist. natural and organic category. Lotus Foods. For generations, people have trusted Campbell's Soup to provide authentic, flavorful and readily available soups, meals, and recipes. and also produces shelf-stable plant-based beverages and other meals and Oat Base Developement Feb 2017 – Apr 2018. Alexander, President, the Americas division includes many leading brands Pacific Foods via Campbell Soup Company Aquisition. Pacific Foods Organic Creamy Tomato Soup Fresh organic milk from local dairies is a perfect complement to the tangy sweetness of organic tomatoes. Osem. 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 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.”. respected organic brand to our company and intend to leverage our ending 11/26/17 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. Campbell's Well Yes! Travel (up to 30%) is associated with feasibility and start up at Pacific and Campbell Soup manufacturing plants, equipment and trials at … ending 10/29/17, View source version on businesswire.com: http://www.businesswire.com/news/home/20171212006303/en/, Campbell Soup Company It's just the latest aggressive move from a Big Food company gobbling up a smaller competitor. and simple meals, beverages, snacks and packaged fresh foods. For generations, people have trusted Campbell's Soup to provide authentic, flavorful and readily available soups, meals, and recipes. 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 Company is set to acquire US natural and organic food pioneer Pacific Foods of Oregon for US$700 million in cash. A savory base of mushrooms combined with garlic and crème fraiche deliver a delicious, robust flavor that your family is sure to love. 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. Soups. integrate Pacific Food’s key functions. 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 COMPLETES ACQUISITION OF PACIFIC FOODS. 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. circumstances after the date of this release. expertise and resources to build on Pacific’s track record of sales Learn more today! It's just the latest aggressive move from a Big Food company gobbling up a smaller competitor. Pacific Foods generated approximately $232 million in trailing twelve-month net sales as of November 2017. Just a few tasty, whole ingredients that thankfully, aren’t a mouthful to say. He was most recently Vice President, Strategy, Business Development and Global Brands, Global Biscuits and Snacks. [2] Pacific Foods offerings will join Campbell’s portfolio of organic foods, which is in the top 10 in the industry. After 60 days, Campbell has the option to extend the cure period or terminate the agreement. This release contains “forward-looking statements” that reflect Campbell’s current expectations about the impact of its future plans and performance, including the acquisition of Pacific Foods, on Campbell’s business or financial results. We steer clear of additives, preservatives and common allergens, and avoid GMOs. For more information, visit www.campbellsoupcompany.com or follow company news on Twitter via @CampbellSoupCo. 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. By: Mark Alexander, President of Americas Simple Meals and Beverages . at a compound annual growth rate of 15.7 percent over the past four CAMDEN, N.J.–(BUSINESS WIRE)–Dec. 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. Folds has extensive, global experience leading businesses and brands for Campbell since joining the company in 1997. This release contains “forward-looking statements” that reflect philosophy that closely mirrors our own. Farm, Bolthouse Farms, Arnott’s, V8, Swanson, Pace, Prego, Plum, Royal 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. 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