Flagstone Foods Acquires Emerald Nuts From Campbell Soup Company; No Financial Terms Disclosed
Portfolio Pulse from Happy Mohamed
Flagstone Foods has acquired Emerald Nuts from Campbell Soup Company (NYSE:CPB), expanding its portfolio with a leading snack nut brand in the United States. The acquisition is expected to drive growth for both Flagstone and its retail partners.
May 30, 2023 | 1:22 pm
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Campbell Soup Company has sold its Emerald Nuts brand to Flagstone Foods, potentially freeing up resources for other investments.
The sale of Emerald Nuts to Flagstone Foods may have a neutral short-term impact on Campbell Soup Company's stock price. While the financial terms were not disclosed, the sale could free up resources for Campbell Soup to invest in other areas of its business. However, the impact of the sale on the company's overall financial performance remains uncertain.
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