Campbell Soup Co. is selling its European simple meals business to private equity firm CVC Capital Partners for $542 million.
The deal includes Campbell’s national brands of soups, sauces and simple meals, including Liebig and Royco in France, Erasco in Germany, Blå Band in Sweden and Devos Lemmens and Royco in Belgium. It also includes four plants in Belgium, France, Germany and Sweden. The businesses included in the deal had annual sales of approximately $530 million in the fiscal year that ended in July.
