Campbell Soup Co., Camden, N.J., entered into an agreement to acquire the assets and business of Garden Fresh Gourmet for $231 million. Garden Fresh Gourmet is a Ferndale, Mich.-based maker of refrigerated salsa, hummus, dips and tortilla chips.
“The acquisition of Garden Fresh Gourmet is another milestone in re-shaping our portfolio toward faster-growing categories, including packaged fresh and organic foods,” says Denise Morrison, Campbell’s president and CEO. “Garden Fresh Gourmet’s on-trend products will provide Campbell with another growth engine to help us continue to shift our center of gravity.”