Campbell to sell Noosa yogurt brand to Lakeview Farms [Yahoo! Finance]
Campbell Soup Company (CPB)
Last campbell soup company earnings: 3/4 07:30 am
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Source: Yahoo! Finance
Campbell acquired Noosa in March this year as part of its purchase of US peer Sovos Brands, a deal first announced last August. In June this year, the US soup and sauces giant said it would “explore strategic alternatives” for Noosa, which manufactures and markets Australian-style yogurt products made out of whole milk. The sale includes all Noosa yogurt trademarks and a manufacturing facility in Bellvue in Colorado. As part of the deal, approximately 240 Noosa employees are expected to join Lakeview Farms. The company said the acquisition extends its reach into the “$8bn US yoghurt category”. Lakeview Farms said that the deal will enhance the “size and scale” of its refrigerated portfolio. The company, owned by private-equity firm CapVest, added the acquisition of the Noosa could open “new opportunities and strengthen” the company's growth potential in the US market. Lakeview Farms CEO Tom Davis said: "Noosa fits perfectly into our portfolio of premium refrigerated foo
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News
- Here are Thursday's biggest analyst calls: Nvidia, Netflix, Amazon, Microsoft, Tesla, Meta, Campbell Soup & more [CNBC]CNBC
- Campbell Soup (NASDAQ: CPB) was upgraded by analysts at Piper Sandler from a "neutral" rating to an "overweight" rating. They now have a $56.00 price target on the stock, up previously from $47.00.MarketBeat
- Campbell to Divest Its noosa Yogurt Brand to Focus on Core Business [Yahoo! Finance]Yahoo! Finance
- Lakeview Farms Expands Into Yogurt Category with Acquisition of noosa yoghurt [Yahoo! Finance]Yahoo! Finance
- Campbell’s to Sell noosa Business to Lakeview FarmsBusiness Wire
CPB
Earnings
- 8/29/24 - Beat
CPB
Sec Filings
- 11/12/24 - Form 8-K
- 11/4/24 - Form 4
- 11/4/24 - Form 4
- CPB's page on the SEC website