Home » Campbell Completes Sale of European Chips Business To Valeo Foods
Center Store Northeast Snacks Brands Suppliers

Campbell Completes Sale of European Chips Business To Valeo Foods

Campbell Valeo, international sale

Last updated on June 14th, 2024 at 10:39 am

Campbell Soup Co. has completed the sale of its European Chips Business to Valeo Foods, a portfolio company of CapVest Partners LLP, for approximately for approximately $80 million. The Campbell European Chips business includes UK-based Kettle Foods Limited and Netherlands-based Yellow Chips B.V. Campbell will use the proceeds from the divestiture to reduce debt.

Under the terms of the agreement, Campbell will retain the Kettle Brand business in the United States and all other geographies except for Europe and the Middle East. Campbell intends to grow the Kettle Brand  part of its Snacks portfolio.

The Campbell European Chips business had net sales of approximately $130 million in fiscal 2019. The results of the European chips business through the time of sale will remain part of continuing operations within the snacks segment.

 

About the author

Shelby Team

The Shelby Report delivers complete grocery news and supermarket insights nationwide through the distribution of five monthly regional print and digital editions. Serving the retail food trade since 1967, The Shelby Report is “Region Wise. Nationwide.”

Featured Photos

Featured Photo IDDBA Annual Convention
George R. Brown Convention Center
Houston, TX