Campbell completes sale of European simple meals
October 29, 2013
CAMDEN, N.J. – The Campbell Soup Co. has completed the sale of its European simple meals business to London-based private equity firm CVC Capital Partners (CVC) for €400 million ($542 million).
Under terms of the agreement, CVC has acquired 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. The transaction also includes four plants in Puurs, Belgium; Le Pontet, France; Lubeck, Germany; and Karpalund, Sweden.
The agreement does not include Campbell’s recently-acquired Kelsen Group, which will continue its operations in Denmark and the export of its products to countries in Europe and throughout the world. Campbell will continue to export Pepperidge Farm products throughout Europe and Campbell’s products in the United Kingdom and the Middle East and Africa.