Soup Giant Campbells Enters Plant-Milk Market With $700 Million Purchase Of Pacific FoodsAnchin in the NewsJuly 11, 2017
Greg Wank, Leader of Anchin's Food and Beverage Industry Practice, notes the greater trends implicated by this recent acquisition .
Campbell's - best known for its range of soups - has invested a staggering $700 million to acquire Oregon-based Pacific Foods - a brand known for its almond, hemp and oat milks.
The purchase was apparently made to keep the brand up to date with food trends - the brand's fifth purchase in as many years, as it strives to diversify its portfolio.
Greg Wank, from business consulting firm Anchin, said: "I think the bigger picture here is the continued trend toward organic and plant-based foods."
Read the complete article in Plant Based News.