At Bolthouse Farms, we believe in making better choices about how our food is grown. Campbell Soup Co. is coming to the end of final talks to sell its Bolthouse Farms brand to an investor group headed by its former CEO Jeff Dunn, according to The Wall Street Journal and CNBC. Traditional tastes are translated into fresh formats. Bolthouse was founded by William Herman Bolthouse, who died a year ago at age 89. Bolthouse was founded by William Herman Bolthouse, who died a year ago at age 89. This transaction marks Butterfly’s fourth investment within its “seed to fork” approach. He continued to lead Bolthouse Farms for Campbell Soup Co. as president of the Campbell Fresh division until his departure from the company in 2016. The closing of the transaction is subject to regulatory approvals and customary closing conditions and is expected to occur in summer 2019. Campbell paid $1.55 billion for Bolthouse Farms in 2012, when the brand had more than $100 million in earnings before interest, taxes, depreciation and amortization. Bolthouse Farms provides agricultural operations. By continuing to browse the site you are agreeing to our use of cookies in accordance with our. Bolthouse Farms benefits from access to over 65,000 acres of premium growing land, nationwide fresh distribution capabilities, and a state-of-the-art carrot and beverage processing facility. Company showcases new meat snacks, seeds, popcorn, sweets and more at the online NACS show. The company employs approximately 2,200 people and has facilities in Bakersfield; Hodgkins, Ill.; Wheatley, Ont. We use compost to amend the soil on a regular basis, to replenish organic matter and nurture the roots. Design, CMS, Hosting & Web Development :: Subscribe to Food Business News' free newsletters to stay up to date about the latest food and beverage news. Private equity firm to buy Campbell E.U. The Campbell Fresh business unit had net sales of $970 million in 2018. At the time of the Bolthouse's sale in mid-2012, the company employed 2,100 employees. The late Bolthouse grew up on a family farm … That’s why we’re committed to creating healthier products that help people trade up from the alternative. With a century worth of roots in carrot farming, we wake … The late Bolthouse … “The sale of Bolthouse Farms supports our strategy to focus on our two core North American businesses, Campbell Snacks and Campbell Meals and Beverages, where we have iconic brands and strong market positions,” said Mark Clouse, president and c.e.o. Bolthouse's other products include orange juice, passion fruit juice, fruit smoothies, chai tea, Bom Dia açaí juice, and lemonade. Campbell Soup Co. has reached an agreement to sell Bolthouse Farms for $510 million, the California carrot and refrigerated beverage producer that it bought in 2012 for $1.55 billion. Bolthouse Farms marks the firm’s fourth investment. As part of the transaction, Butterfly’s Operating Partner Jeff Dunn will assume the role of CEO of Bolthouse Farms. It is now losing money. Producer of vegetable and fruits products. “Bolthouse Farms holds a special place in the produce industry and my team and I are deeply committed to strengthening and broadening Bolthouse Farms’ unique legacy,” said Dunn. The process to divest Campbell International is ongoing, according to the company. The Company offers farming, product development, and marketing services, as well as provides irrigation and soil depletion prevention programs. of Bolthouse Farms following the close of the transaction, which is expected to occur this summer. Bolthouse Farms is owned by Campbell Soup Co. “We can’t wait to get started.”. After months on the market, Bolthouse Farms—a vertically-integrated food and beverage company focused on developing, manufacturing, and marketing proprietary, high value-added natural, healthy products—has officially been acquired.Private equity firm Butterfly announced today that it has signed a definitive agreement to acquire the former Campbell Soup Company-owned fresh food … “Bolthouse Farms holds a special place in the produce industry, and my team and I are deeply committed to strengthening and broadening Bolthouse Farms’ unique legacy,” Mr. Dunn said. Butterfly Equity specializes in “seed to fork” investments across agriculture, aquaculture, food and beverage products, food distribution and food service. Upon completion of the sale, Campbell Soup Co. will have divested its entire Campbell Fresh division as part of previously announced plans to streamline operations. As outlined in a board-led strategy and portfolio review this past August, Campbell said it would divest both its Campbell Fresh and Campbell International businesses. The company's president is Andre Radandt. simple meals business, Nestle to sell North America pasta business to private equity firm, Smucker to sell U.S. baking business to private equity firm, Tyson Foods to sell pizza crust business to private equity firm, Plant-based oils and fats: Selecting the right one for your plant-based meat application, Dow index closes above 30,000 points for first time, Slideshow: New products from Nestle, General Mills, LesserEvil, Ten trends emerging in the aftermath of COVID-19. Bolthouse Farms General Information Description. Amend the soil on a regular basis, to replenish organic matter and nurture the.... Use cookies to provide you with a better experience sold the company offers farming product! President and CEO from 2008 to 2016 products that help people trade from... 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