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Campbell's
Campbell's is a asset manager based in Louisville; the Altss profile covers its classification, headquarters, registration, AUM band, and key contacts for...
Campbell's
Connecting people through food they love. Over 150 years of making delicious, well-crafted soups, simple meals, snacks, and beverages for all.
General information
Firm type
Asset Manager
Location
Region
North America
Country
United States
City
Louisville
Corporate office
Louisville, United States
Additional offices
1 Campbell Place, Camden, NJ 08103-1701, United States
Sector focus
Frequently asked questions
What brands did Sovos Brands own?
Sovos Brands owned and operated Rao's Homemade (premium pasta sauces and frozen meals), noosa (premium yogurt), and Michael Angelo's (frozen Italian entrees). All three were acquired between 2017 and 2019.
Did Sovos Brands ever pay dividends or return capital to shareholders before the acquisition?
No. Sovos Brands did not pay dividends. It reinvested all free cash flow into brand growth and marketing. It also carried significant debt from its acquisitions, which it serviced from operating income (per Sovos Brands annual reports, 2021–2022).
Why did Campbell's acquire Sovos Brands?
Campbell's acquired Sovos Brands to expand its premium shelf-stable and frozen food portfolio, particularly Rao's Homemade, which had become the fastest-growing pasta sauce brand in the US. The $2.7 billion purchase price valued Sovos at roughly 20x its 2022 EBITDA (per Campbell's March 2023 announcement).
What happened to Sovos Brands after the Campbell's acquisition?
After the acquisition closed in December 2023, Sovos Brands was fully integrated into Campbell's. Todd Lachman stepped down as CEO but remained a consultant for a transition period. The brands continue to operate under Campbell's portfolio (per Campbell's 2023 annual report).
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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