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.