Campbell Completes Acquisition of Garden Fresh Gourmet

30 Jun 2015 --- Campbell Soup Company announced it has completed the acquisition of the assets and business of Garden Fresh Gourmet for $231 million. Garden Fresh Gourmet is the No. 1 branded refrigerated salsa in the U.S. and also makes hummus, dips and tortilla chips.

Jeff Dunn, President–Campbell Fresh, said, “The acquisition of Garden Fresh Gourmet provides Campbell with another platform for growth in a key strategic area - the fast-growing perimeter of the grocery store. Garden Fresh Gourmet's on-trend products are the ideal complement to the Bolthouse Farms portfolio in the produce section and will help extend our presence in the deli section. We're excited to take Garden Fresh Gourmet to the next level.”

Garden Fresh Gourmet is part of the Campbell Fresh division, focused on building the company’s scale and accelerating growth in rapidly expanding packaged fresh categories. The division also includes the Bolthouse Farms portfolio and Campbell’s retail refrigerated soups.

Headquartered in Ferndale, Mich. and with approximately 500 employees, Garden Fresh Gourmet generated $100 million in net sales for the year ended Dec. 31, 2014. Garden Fresh Gourmet is led by Todd Putman, General Manager–Garden Fresh, within the Campbell Fresh division.

Related Articles

Food Ingredients News

Beverage innovation: “Lighter enjoyment,” botanicals and cold brew NPD

20 Mar 2018 --- Current innovation across the beverage category is centered around health and wellbeing, as sugar reformulation and the broader idea of “lighter enjoyment” continues to dominate new product development. Globally, producers are tapping into the growing consumer demand for enjoyable soft and alcoholic drinks that have been given a clean and clear label makeover as innovators continue to dump sugar and reformulate with more natural alternatives.

Food Ingredients News

Brexit: Health advocates fear future transatlantic trade deal could undermine efforts

20 Mar 2018 --- The alliance for better food and farming, Sustain, is demanding that clear mandates with health priorities are set for any trade talks between Britain and the US amid concerns that new deals will undermine the UK’s efforts to reduce sugar consumption and import “American levels of diet-related diseases” alongside their produce.

Food Ingredients News

Frutarom reports “record-breaking results” for 2017

20 Mar 2018 --- Frutarom expects 2018 to be “another record year” as it continues to improve profitability as it posts 2017 results which show sales grew by 18.8 percent to a record US$1,362.4 million. The Israel-based flavor and fragrance company says it is progressing towards achieving its sales target of US$2.25 billion and an EBITDA margin from core activity of 23 percent in 2020.

Business News

BRAIN acquires a majority stake in Biocatalysts

20 Mar 2018 --- Bio-economy company BRAIN AG (Biotechnology Research and Information Network AG) has announced the share purchase agreement between BRAIN and Biocatalysts Ltd. The takeover of the majority stake of Biocatalysts’s shares by BRAIN is governed and the transaction will be completed within the first quarter of 2018.

Food Ingredients News

UK: Children consume way too much sugar despite cutbacks over the last decade, PHE survey finds

19 Mar 2018 --- Children in the UK are consuming way too much sugar, according to the government latest data, and although figures show a reduction compared with a decade ago, much more work needs to be done to encourage a healthier diet.

More Articles