Add-on Acquisition • Food

Campbell s Acquires Garden Fresh Salsa Co.

On June 9, 2015, Campbell s acquired food company Garden Fresh Salsa Co. for 231M USD

Acquisition Context
  • This is Campbell s’ 10th transaction in the Food sector.
  • This is Campbell s’ 6th largest (disclosed) transaction.
  • This is Campbell s’ 6th transaction in the United States.
  • This is Campbell s’ 1st transaction in Michigan.

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M&A Deal Summary

Date June 9, 2015
Target Garden Fresh Salsa Co.
Sector Food
Buyer(s) Campbell s
Deal Type Add-on Acquisition
Deal Value 231M USD
Advisor(s) Maddin, Hauser, Roth & Heller (Legal)

Target Company

Garden Fresh Salsa Co.

Ferndale, Michigan, United States
Garden Fresh Salsa Co., Inc. (dba Garden Fresh Gourmet) is a provider of food products like hummus, dips and tortilla chips. Garden Fresh was formed in 1997 and is based in Ferndale, Michigan.
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Buyer Overview 1

Buyer

Campbell s

Camden, New Jersey, United States

Category Company
Founded 1869
Sector Food
Employees14,400
Revenue 9.6B USD (2024)
DESCRIPTION
Entrance to Campbell Soup Co.'s corporate headquarters in Camden, New Jersey.
Entrance to Campbell Soup Co.'s corporate headquarters in Camden, New Jersey.

Campbell's is an American producer of canned soups and related products. Campbell's products are sold in 120 countries around the world. Campbell's was incorporated in 1869 and is based in Camden, New Jersey.


Deal Context for Buyer #
Overall 11 of 14
Sector: Food 10 of 13
Type: Add-on Acquisition 7 of 9
State: Michigan 1 of 1
Country: United States 6 of 9
Year: 2015 2 of 2
Size (of disclosed) 6 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-04 Yellow Chips B.V.

Emmeloord, Netherlands

Yellow Chips B.V. is a producer of high-quality vegetable and organic potato chips under private label snacks and its own premium brands, including Go Pure.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-06 Pacific Foods of Oregon

Tualatin, Oregon, United States

Pacific Foods of Oregon, Inc. is a provider of of organic products, including flavorful soups, sauces, broths and stocks, as well as the broadest range of non-dairy beverages and a growing collection of dips, meals and sides. Pacific’s delicious, nutritious foods are inspired by traditionalrecipes made convenient for busy, health-conscious consumers.

Buy $700M