Food & Beverage M&A » By The Online Investor Staff, updated Thu., Mar. 4, 12:36 AM
Recent mergers and acquisitions in the Food & Beverage M&A category.
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Slide #52. Campbell Soup Company — Kelsen Group
Acquirer:
Campbell Soup Company (NYSE:CPB)
Acquiree:
Kelsen Group
Details:
Campbell Soup Company (NYSE:CPB) today announced that it has completed the acquisition of Kelsen Group A/S, a producer of quality baked snacks, including the Kjeldsens and Royal Dansk brands, sold in 85 countries around the world. Based in Nrre Snede, Denmark, Kelsen is a market leader in the assortment segment of the sweet biscuits category in China and Hong Kong, where growth in sweet biscuits is outpacing the growth of the $60 billion global sweet biscuits market.
Campbell Soup is a manufacturer and marketer of food and beverage products. Co.'s reportable segments are: Meals and Beverages, which includes the retail and foodservice businesses in the U.S. and Canada, and the products include Swanson broth and stocks, Prego pasta sauces, and Campbell's tomato juice; and Snacks, which consists of Pepperidge Farm cookies, crackers, fresh bakery and frozen products in U.S. retail, including Milano cookies and Goldfish crackers, and Snyder's of Hanover pretzels, Lance sandwich crackers, Cape Cod and Kettle Brand potato chips, Late July snacks, Snack Factory Pretzel Crisps, Pop Secret popcorn, Emerald nuts, and other snacking products in the U.S. and Canada.
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Avg. Broker Rec.
 
|
Hold (1.91 out of 4) 0th percentile
(ranked lower than approx. 100% of all stocks covered)
Analysts' Target Price: CPB Stock Forecast Based on Zacks ABR data; powered by Xignite |
