Pepperidge Farm Innovation Center opens
NORWALK, CONN. — The Campbell Soup Co. has opened a new 34,000-square-foot innovation center at the Pepperidge Farm headquarters in Norwalk. The project is a $30 million investment designed to drive continued growth and innovation in its Global Baking and Snacking portfolio.
“Campbell is committed to driving sustainable, profitable net sales growth through consumer-focused innovation,” said Denise Morrison, president and chief executive officer. “Our investment in the new Pepperidge Farm innovation center will help accelerate the rate of new product development across our Baking and Snacking portfolio. This new building is a visible recognition of Pepperidge Farm’s long history of successful innovation as well as our commitment to delivering the next generation of new products for consumers.”
The Baking and Snacking segment includes Pepperidge Farm in the United States and Arnott’s Biscuits in Australia. In fiscal 2012, sales increased 2% in the segment to $2.193 billion.
“I feel a tremendous sense of excitement and potential for the opportunities that exist in Pepperidge Farm and Campbell’s Global Baking and Snacking business,” said Irene Chang Britt, president of Pepperidge Farm and senior vice-president of global Baking and Snacking. “This new innovation center embodies the bright and dynamic future we see ahead.”