[25], In June 2015, Campbell Soup acquired salsa maker Garden Fresh Gourmet for $231 million as it looked to expand into the fresh and organic packaged foods business. Product lines under the Campbell's brand include: A Danish baked-goods company founded in 1933, it was acquired by Campbell's in 2013. [31], Denise Morrison served as the company's president and CEO from 2011 through 2018. "Campbells Soup backs plan for mandatory GMO ingredient labeling". Production would shift to three existing facilities within the U.S. Campbell's owns numerous brands that it markets worldwide. [9] To this day, the layout of the can, with its red and white design and the metallic bronze medal seal from the 1900 Paris Exhibition,[10] has changed very little, with the exception of the French phrase on the top of the bronze seal that said "Exposition-Universelle-Internationale" which was changed to the English name of the exhibition as "Paris International Exposition". [25] Kelsen has an 85-country distribution network and is seen as providing Campbell with opportunities for international expansion, particularly into China and other Asian markets. 26, 2018– Campbell Soup Company (NYSE:CPB) today announced it has completed the acquisition of Snyder’s-Lance, Inc. for $50 per share in an all-cash Nov 17, 2020 Nov 18, 2020. [34], In July 2019, Campbell's agreed to sell its stake in the Kelsen Group for $300 million to a subsidiary of Ferrero SpA, with the transfer to be completed in 2020.[35]. Symingtons began manufacturing the brand under license. Under no circumstances does any information posted on stockzoa.com represent a recommendation to purchase or sell a stock. Abrams-Rivera, formerly President, Campbell’s U.S. Biscuits and Snacks CAMDEN, N.J.– (BUSINESS WIRE)–Mar. Campbell's continues to be a major part of Camden, regularly participating in charity events[18][19] in the community. Please update this article to reflect recent events or newly available information. Find the latest Institutional Holdings data for Campbell Soup Company Common Stock (CPB) at Nasdaq.com. [15][16], In the UK and Ireland, Campbell Soup was rebranded as Batchelors Condensed Soup (UK) and Erin (Ireland) in March 2008, when the license to use the brand name expired. [40], In December 2009, Consumer Reports found that major canned food companies including Campbell's Soup had tinned products which had bisphenol A (BPA) levels over 100 ppb in some cases;[41] the testing revealed that just one serving of canned food would exceed an expert's recommendation for daily exposure (0.2 micrograms per kg body weight per day). 26, 2018– Campbell Soup Company (NYSE:CPB) today announced it has completed the acquisition of Snyder’s-Lance, Inc. for $50 per share in an all-cash Under its brands, Campbell's produces soups and other canned meals, baked goods, beverages, and salty snacks. In 2004, Campbell's themselves recognized Warhol's art by releasing in the eastern United States a limited-edition series of cans that were inspired by the coloring and silkscreen effects of Warhol's pieces. The company's flagship brand and the Campbell's name is used to market soups, sauces, and canned meals. Dorrance had been … [24], In June 2013, Campbell acquired the Danish multinational baked goods company Kelsen Group for an undisclosed amount. Perhaps best known are the "Campbell's Kids" designed by illustrator Grace Drayton. It was reported that the expected loss of jobs, as a result of the closing, would be 380. In 1897, John T. Dorrance, a nephew of the general manager Arthur Dorrance, began working for the company at a wage of $7.50 a week. The Pace brand is used by Campbell's to market salsas and picante sauce. The Pepperidge Farm brand is used by Campbell's to market: An American salsa company founded in 1947, it was acquired by Campbell's in 1995. [46], Campbell's owns numerous brands that it markets worldwide. [13], A total of 2,800 jobs were lost, 940–1,000 of those jobs from the Camden plant. Read More. Campbell Soup has invested heavily in advertising since its inception, and many artifacts of its promotional campaigns have proven valuable in the Americana collectible advertising market. 1 was announced in 1989 and production stopped on the night of March 1, 1991. Plants in Pocomoke City (Maryland), Crisfield (Maryland), and Smyrna (Tennessee) also shut down. [32], On December 21, 2018, former Pinnacle Foods CEO Mark Clouse was named the next Campbell's CEO, effective January 22, 2019. (1990s), So Many Many Reasons It's So Mmm Mmm Good (2009–2010), It's Amazing What Soup Can Do! [8], In 1898, Herberton Williams, a Campbell's executive, convinced the company to adopt a carnelian red and bright white color scheme, because he was taken by the crisp carnelian red color of the Cornell University football team's uniforms. Joseph Campbell, a fruit merchant, and Abraham Anderson, an icebox manufacturer, form the business that would one day become Campbell Soup Company. [5] Anderson's son, Campbell Speelman, split paths with his father and continued to work at Campbell's as a creative director, originally designing the Campbell's Soup Cans.

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