Workflow
Campbell Soup Focuses on Core Brands With Noosa Yogurt Sale
CPBCampbell Soup(CPB) ZACKS·2025-02-25 19:36

In a strategic move to optimize its portfolio, Campbell Soup Company (CPB) has completed the previously announced (on Nov. 12, 2024) sale of its Noosa yogurt business to Lakeview Farms, LLC. This transaction aligns with Campbell’s commitment to focus on its core business areas by divesting non-essential brands. Following the sale, Noosa yogurt and Lakeview Farms will merge and operate under the new name, Novus Foods.Campbell acquired Noosa yogurt through its March 2024 purchase of Sovos Brands, Inc. However ...