Campbell Soup To Sell European Operations To Private Equity Firm

Campbell Soup Company is selling its European business to private equity firm CVC Capital Partners. The sale will include Campbell’s national brands of soups, sauces and simple meals, including Liebig and Royco in France, Erasco in Germany, Blå Band in Sweden and Devos Lemmens and Royco in Belgium. CVC will also acquire four production plants in Puurs, Belgium; Le Pontet, France; Lubeck, Germany; and Karpalund, Sweden. Not included in the sale are the export of Pepperidge Farm products throughout Europe or Campbell’s products in the United Kingdom or the Middle East or Africa. In fiscal 2012, the Campbell businesses included in the sale generated annual net sales of approximately $530 million.