Campbell's to Sell noosa Business to Lakeview Farms
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Campbell Soup Company (NASDAQ:CPB) has announced the sale of its noosa yoghurt business to Lakeview Farms, LLC. The terms of the transaction were not disclosed. Campbell's acquired noosa as part of the Sovos Brands acquisition in March 2024, and had planned to evaluate strategic alternatives for the brand.
November 12, 2024 | 9:45 pm
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Campbell Soup Company is selling its noosa yoghurt business to Lakeview Farms, aligning with its strategy to focus on core categories.
The sale of noosa yoghurt is a strategic move by Campbell's to focus on its core business areas. This could positively impact CPB's stock as it aligns with the company's stated strategy and could improve operational focus and efficiency.
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