Campbell Soup Co., Camden, N.J., signed a definitive agreement to sell Garden Fresh Gourmet, Ferndale, Mich., to an affiliate of Fountain of Health USA, a maker of hummus, dips, variety packs, prepared salads, pâtés and frozen desserts.
As outlined in August 2018, 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.
Campbell acquired Garden Fresh Gourmet in June 2015, as part of its Campbell Fresh division. Garden Fresh Gourmet makes, sells and distributes hummus, dips and tortilla chips under the Garden Fresh Gourmet brand as well as private label products.