Campbell Sells Emerald Nuts to Flagstone Foods

The transaction reflects Campbell’s increased focus on accelerating the growth across its snacks division and power brands.

Emerald Nuts

Campbell Soup Company has sold Emerald Nuts to Flagstone Foods, one of North America’s largest manufacturers and distributors of private label healthy snacks. Campbell acquired Emerald Nuts, one of the leading U.S. snack nut brands, as part of the 2018 Snyder’s-Lance acquisition.

Known for items such as grab-and-go 100 calorie packs and assorted glazed nut products, Emerald generated net sales of $66 million in fiscal 2022 and $46 million for the nine-month period ended April 30, 2023. Terms of the transaction were not disclosed.

“The sale of the Emerald business is part of our ongoing strategic process to create even greater focus on driving accelerated growth across our snacks division and power brands,” says Chris Foley, executive vice president and president, Campbell snacks.

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“Flagstone Foods has long been trusted by the nation’s premier retailers to provide the highest quality snacks. Emerald has been providing high-quality branded snack nuts since 2004 and is now the go-to option for consumers seeking better-for-you snacking on the go,” says Harry Overly, CEO of Flagstone Foods. “Adding Emerald Nuts to our portfolio establishes a new avenue for Flagstone to service our customers with innovative snack products and unites two industry leaders with a shared commitment to the highest levels of product quality and innovation. Our Flagstone team is excited to welcome Emerald as a transformative acquisition to our portfolio, and we’re looking forward to continuing to drive growth for both Flagstone and our retail partners.”

Flagstone operates three plants, located in North Carolina, Texas, and Alabama. It was acquired by Atlas Holdings in 2019.