Campbell to Sell Some European Units: Campbell...
From Times Staff and Wire Reports
Campbell to Sell Some European Units: Campbell Soup Co. said it plans to sell several of its European food units in an effort to focus on its more profitable businesses. On the block are D. Lazzaroni & C. S.p.A. of Italy; Campbell Seafoods division, which operates in the United Kingdom and Belgium; the vegetable division of Campbell Foods PLC in England, and Campbell Irish Foods Ltd. and Mallow Foods Ltd., both of Ireland. Total sales of all the businesses to be sold exceed $200 million, the company said. Campbell said it expected the sale to result in a $55-million charge against fourth-quarter earnings.
