Deals
Campbell Soup Buys Pacific Foods for $700 Million
- Purchase of Pacific Foods of Oregon expands organic portfolio
- Company seeks to reverse sales slump with natural products
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Campbell Soup Co., struggling through a sales slump as consumers seek out more natural products, has agreed to buy a company that makes organic soup and broth for $700 million.
The deal to acquire Pacific Foods of Oregon will be financed with debt, Campbell said on Thursday. The Tualatin, Oregon-based maker of organic foods generated revenue of $218 million over the last year.