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Ferrero and Campbell sign agreement for sale of Kelsen for $300 Mln

The Italian group makes the deal by Belgian affiliated company CTH Invest

Campbell Soup Company announced that it has signed a definitive agreement for the sale of Kelsen Group to a Ferrero Belgian CTH Invest affiliated company for $300 million, subject to customary purchase price adjustments. Proceeds from the divestiture will allow Campbell to reduce debt.Based in Nørre Snede, Denmark, Kelsen is a producer of quality baked snacks whose primary brands include Kjeldsens...

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EFA News - European Food Agency