12 Jul 2019 --- The Campbell Soup Company has signed a definitive agreement for the sale of Kelsen Group to Ferrero Group affiliated company CTH, a Belgian holding company, for US$300 million – subject to customary purchase price adjustments. Proceeds from the divestiture will allow Campbell to reduce debt. The move closely follows Campbell’s sale of Bolthouse Farms to an affiliate of Butterfly Equity for US$510 million, as well as the sale of Garden Fresh Gourmet to an affiliate of Fountain of Health USA. The deal is expected to be finalized by the first quarter of 2020.