Campbell's to Sell noosa Business to Lakeview Farms [Yahoo! Finance]
Goldman Sachs Group, Inc. (The) (GS)
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Source: Yahoo! Finance
business to Lakeview Farms, LLC, a manufacturer of fresh dips, desserts and specialty products. Terms of the transaction were not disclosed. Campbell's purchased noosa as part of the Sovos Brands, Inc. acquisition in March 2024. At that time, Campbell's shared its intention to evaluate strategic alternatives for the brand, as the yogurt category is not core to Campbell's strategy. The noosa business generated net sales of $177 million for the last 12 months ending October 2024. Campbell's does not expect the divestiture to have a material impact to its fiscal 2025 financial results. The transaction is expected to be dilutive to earnings per share by approximately $0.01 in fiscal 2025. Mick Beekhuizen, Executive Vice President and President, Campbell's Meals & Beverages said, "noosa is a well-run business supported by a great team. We are pleased that its new home will be with a buyer with a strategic focus on the refrigerated category. The sale will drive greater focus on our po
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