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Soup Giant Campbells Enters Plant-Milk Market With $700 Million Purchase Of Pacific Foods

Anchin in the NewsJuly 11, 2017Published by Plant Based News
Anchin Partner Quoted: Gregory A. Wank, CPA, CGMA
Soup Giant Campbells Enters Plant-Milk Market With $700 Million Purchase Of Pacific Foods

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.

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