Campbell Soup Co. Sells Emerald Nuts Business to Flagstone Foods

May 30, 2023
Snack nuts business generated net sales of $66 million in fiscal 2022 for Campbell.

Private-label nuts and trail mixes processor Flagstone Foods has acquired the Emerald Nuts business from Campbell Soup Co., according to a release from the company. The addition is an initial step in the company’s accelerated growth plan under new CEO Harry Overly, who was hired in late 2022.

Flagstone, which itself was acquired by Atlas Holdings in 2019, operates processing plants in Robersonville, N.C., El Paso, Texas, and Dothan, Ala., with more than 800 employees across the country.

Emerald Nuts was acquired by Campbell in 2018 as part of the deal that brought Snyder’s-Lance Inc. into the company. According to a release from Campbell, the Emerald business generated net sales of $66 million in fiscal 2022 and $46 million for the nine months ended April 30, 2023. Terms of the transaction were not disclosed.

About the Author

Andy Hanacek | Senior Editor

Andy Hanacek has covered meat, poultry, bakery and snack foods as a B2B editor for nearly 20 years, and has toured hundreds of processing plants and food companies, sharing stories of innovation and technological advancement throughout the food supply chain. In 2018, he won a Folio:Eddie Award for his unique "From the Editor's Desk" video blogs, and he has brought home additional awards from Folio and ASBPE over the years. In addition, Hanacek led the Meat Industry Hall of Fame for several years and was vice president of communications for We R Food Safety, a food safety software and consulting company.

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