Campbell Soup Company has signed a definitive agreement to sell Kelsen Group to a Ferrero-affiliated company for $300 million, subject to customary purchase price adjustments. Denmark-based Kelsen produces baked snacks; its primary brands include Kjeldsens and Royal Dansk. The transaction is expected to close in the first quarter of fiscal 2020.
Campbell selling Kelsen Group
Ferrero-affiliated company to be new owner
Jul 12, 2019
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