Campbell to Divest Its noosa Yogurt Brand to Focus on Core Business
Campbell Soup(CPB) ZACKS·2024-11-14 03:16
Campbell Soup Company (CPB) has been optimizing its portfolio by divesting non-core businesses. It announced the divestiture of its noosa yogurt brand to Lakeview Farms. The noosa yogurt brand is an ideal fit for Lakeview Farms, which produces fresh dips, desserts and specialty products. Notably, noosa’s products fully complement Lakeview’s existing product offerings.The deal is anticipated to close in the first quarter of 2025, upon the satisfaction of regulatory approvals. Campbell, a leading food produce ...