Campbell Soup sells Bolthouse Farms to private equity firm
Bolthouse Farms is Butterfly’s fourth investment within its “seed-to-fork” approach.
Butterfly, a Los Angeles-based private equity firm specializing in the food sector, signed a definitive agreement to acquire Bolthouse Farms, Bakersfield, Calif., from Campbell Soup Co., Camden, N.J., for $510 million.
Bolthouse Farms is a vertically-integrated food and beverage company focused on developing, manufacturing and marketing proprietary, high value-added natural, healthy products, including fresh carrots and refrigerated premium beverages. It houses approximately 2,200 employees and operates facilities in Bakersfield, Hodgkins, Ill.; Wheatley, Ontario, Canada; and Prosser, Wash.