Campbell Sells European Potato Chip Business

Sept. 3, 2019
Campbell Soup is selling its European potato chips business to an Irish company for $80 million.

Campbell Soup is selling its European potato chips business to an Irish company for $80 million, as part of an ongoing effort to acquire cash and sharpen its focus by divesting its international businesses.

The European business of Kettle and Yellow chips will be acquired by Valeo, a privately held food processor based in Dublin. Campbell will retain the Kettle and Yellow business for all regions outside Europe and the Middle East. The sale is expected to be finalized in Campbell’s current fiscal quarter.

The sale is the latest in a series of divestitures of Campbell’s international and fresh food businesses. The company recently reported a rise in sales for its 2019 fiscal year.

Sponsored Recommendations

Clabber Girl: Rising Success

Uncover how Clabber Girl Corporation achieved a remarkable 7% growth and improved manufacturing efficiency by seamlessly integrating Vicinity's batch manufacturing solution with...

Intelligent Blends: Taking Technology to the Next Level

Find out how our friends at Intelligent Blends use VicinityFood and Microsoft Dynamics GP to produce the best coffee around.

Key ingredient: Mother Murphy's Laboratories

Flavorings manufacturer Mother Murphy’s Laboratories integrates front office with production facility — improving operations from initial order to final invoice.

Maximizing Profitability and Efficiency: Why Food Manufacturing ERP is a Game-Changer

Check out this infographic detailing the 5 reasons why food manufacturers should invest in an ERP software for their food production.