Campbell Soup Co. has signed an agreement to sell Garden Fresh Gourmet to an affiliate of Fountain of Health USA, a maker of hummus, dips, variety packs, prepared salads, pâtés, and frozen desserts. Garden Fresh Gourmet makes, sells, and distributes salsa, hummus, dips, and tortilla chips both under the Garden Fresh Gourmet brand and private label products. The business is located in Ferndale, Mich., and also has operations in Grand Rapids, Mich.
Garden Fresh Gourmet is part of the Campbell Fresh division, which includes Bolthouse Farms. Campbell recently announced the sale of its refrigerated soup plant in Everett, Wash., which was also part of Campbell Fresh.
Campbell is in the process of divesting both its Campbell Fresh and Campbell International businesses to increase the company's focus, reduce debt, and strengthen its balance sheet. The processes to sell Bolthouse Farms and Campbell International are both on-track, according to the company, and Campbell expects to name buyers by the end of fiscal 2019.
Related: Campbell Soup Co. Sells Soup Plant; Garden Fresh Gourmet Founder Looks to Buy Back Company.
from Specialty Food News https://ift.tt/2GPZdzH
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