Founded in 1915, Bolthouse is a vertically integrated food and beverage company focused on developing, manufacturing and marketing proprietary, value-added natural, healthy products.
The company has market positions in fresh carrots and beverages in the US, along with a growing presence in refrigerated salad dressings.
The acquisition of Bolthouse will provide Campbell with significant presence and a new platform for expansion in the rapidly growing, $12bn market for packaged fresh foods.
The addition of Bolthouse’s refrigerated beverages will complement Campbell’s V8 beverage business, with annual sales of approximately $1.2bn.
Campbell plans to operate Bolthouse Farms as a separate business unit. Members of Bolthouse’s senior management team, including president and CEO Jeff Dunn, will remain with the company.
The closing of the transaction is subject to regulatory approvals and customary closing conditions and is expected to occur in late summer 2012.
Source: Campbell Soup Company
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