Food & Beverage M&A » By The Online Investor Staff, updated Thu., Mar. 4, 1:25 AM
Recent mergers and acquisitions in the Food & Beverage M&A category.
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Slide #64. Campbell Soup Company — Kelsen Group
Acquirer:
Campbell Soup Company (NYSE:CPB)
Acquiree:
Kelsen Group
Details:
Campbell Soup Company (NYSE:CPB) announced today that it has entered into an agreement to acquire Kelsen Group A/S from Maj Invest, a private equity firm, and several other investors. Based in Nrre Snede, Denmark, Kelsen is a producer of quality baked snacks that are sold in 85 countries around the world. Its primary brands include Kjeldsens and Royal Dansk. Kelsen has established distribution networks in markets in Asia, South America, the Middle East and Africa as well as the United States. It 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.
Campbell Soup SEC Filing Email Alerts Service
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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 |
