As the result of a larger strategic review of operations initiated in May, the Camden, N.J.-based company today announced plans to sell off its Campbell Fresh division, which includes brands such as Bolthouse Farms, Garden Fresh Gourmet and its line of refrigerated soups. It also intends to sell its international businesses, excluding Canada, which include Arnott’s and the Kelsen Group.
The Coca-Cola Company today announced it has reached an agreement for the acquisition of London-based coffee company Costa Limited. The deal, valued at $5.1 billion, is the largest brand acquisition in the company’s history and is expected to close in the first half of 2019. The move represents a new frontier for the world’s largest beverage company, as it moves into brick-and-mortar retail for the first time and takes over a complex global supply chain in coffee, a highly competitive category.