Campbell Soup Co.

Apr 9, 2024

Hot take: Campbell’s survey details grilled cheese consumption habits

To mark the month honoring the classic, the Camden-based company unveiled new data to help settle the longstanding debate of how to make one of America’s favorite comfort foods.

With an annual adjusted net sales of $837 million in 2022, Sovos Brands Inc.'s flagship brand, Rao’s, accounted for 69% of those earnings and grew organic net sales by 34.9% during the period, according to the company.
Mar 12, 2024

Campbell Soup completes $2.7B deal for Rao’s sauce maker

The all-cash acquisition of Sovos Brands Inc., the producer of fan-favorite "gravy" and other products, is valued at $23 per share.

Campbell Soup Co.'s Chunky soup brand is paying tribute to Jason Kelce – who recently announced plans to retire from the Philadelphia Eagles after 13 seasons – with its "first-ever Legend Edition can.”
Mar 10, 2024

Campbell limited-edition soups pay homage to Eagles’ Kelce, grilled cheese

In addition, the Camden-based company will donate $62,000 to Jason Kelce's nonprofit, (Be)Philly, which seeks to improve outcomes for kids in Philadelphia public schools.

Campbell Soup Co.'s $5 million, five-year Full Futures initiative is aimed at improving students' nutrition — both in the classroom and outside of it.
Mar 4, 2024

Campbell helps hometown students prepare and eat healthier foods

Two years after launching a $5 million, five-year initiative aimed at improving nutrition in schools, the Camden-based company is making even more progress on the Full Futures program.

With an annual adjusted net sales of $837 million in 2022, Sovos Brands Inc.'s flagship brand, Rao’s, accounted for 69% of those earnings and grew organic net sales by 34.9% during the period, according to the company.
Feb 14, 2024

Campbell’s expects mid-March close for $2.7B acquisition to add Rao’s (updated)

Colorado-based Sovos Brands Inc.'s portfolio also includes Michael Angelo’s frozen entrees and Noosa yogurt.

Campbell Soup Co. has appointed Charles Brawley III as executive vice president, general counsel and corporate secretary, effective Nov. 30.
Nov 9, 2023

Campbell names next general counsel

Charles Brawley III will succeed Adam Ciongoli, who is leaving the Camden-based company to join Fox Corp. as chief legal and policy officer. 

America’s love of sides will extend to chocolate with expert chocolatier Phillip Ashley’s release of a limited-edition, soup-infused Holiday Sides Collection featuring flavors inspired by Campbell’s holiday recipes.
Nov 6, 2023

Picking sides: Campbell’s survey finds America has a new favorite for Thanksgiving

Using nationwide consumer data, the report from the Camden-based soup and snack giant looks at this year's most popular U.S. holiday food trends.

With an annual adjusted net sales of $837 million in 2022, Sovos Brands Inc.'s flagship brand, Rao’s, accounted for 69% of those earnings and grew organic net sales by 34.9% during the period, according to the company.
Oct 26, 2023

Campbell’s $2.7B Rao’s acquisition pushed to mid-2024

The delay comes as the FTC seeks more information about the proposed deal, which was originally expected to close by December of this year.

Celebrating Heart of Camden’s $1 million grant are (from left) Mark McDonough, president of New Jersey American Water; Kate Barrett, Campbell Soup Co.’s director of community affairs and president of The Campbell’s Foundation; Carlos Morales, executive director of Heart of Camden; Camden Mayor Vic Carstarphen; Jacquelyn Suárez, acting commissioner of the Department of Community Affairs; and Camden City Council members Angel Fuentes and Jannette Ramos.
Oct 19, 2023

Heart of Camden receives $1M for community revitalization

"This funding will support our projects and programs of affordable housing, community development, direct family services, and our youth programs and mentorship through the Michael J. Doyle Fieldhouse Gym," Executive Director Carlos Morales said about the Neighborhood Revitalization Tax Credit grant.

Campbell Soup Co.’s Chunky soup brand is partnering with Camden native and Philadelphia Eagles linebacker Haason Reddick to serve as the national spokesperson for Chunky Sacks Hunger.
Aug 31, 2023

Campbell’s Chunky soup, NFL stars team to tackle food insecurity

After last year's successful launch resulted in the donation of 1 million meals to Feeding America, the Camden company is doubling its goal for the 2023 football season.

With an annual adjusted net sales of $837 million in 2022, Sovos Brands Inc.'s flagship brand, Rao’s, accounted for 69% of those earnings and grew organic net sales by 34.9% during the period, according to the company.
Aug 17, 2023

Don’t worry, Campbell isn’t planning to change Rao’s sauce recipe

"We will not touch the sauce," CEO Mark Clouse said in response to customer concerns in the wake of the company's announced $2.7 billion takeover of the brand, adding: "We just spent a pretty significant amount of money to buy something that we believe is really, really special."

With an annual adjusted net sales of $837 million in 2022, Sovos Brands Inc.'s flagship brand, Rao’s, accounted for 69% of those earnings and grew organic net sales by 34.9% during the period, according to the company.
Aug 7, 2023

Campbell plans $2.7B acquisition of Rao’s, Noosa parent company

Founded in 2017, Colorado-based Sovos Brands Inc. sells a range of premium products across North American, including pasta sauces, dry pasta, soups, frozen meals and yogurts.