Campbell’s soup and sauces sale close

Tinned food retailer the Campbell Soup Company is in final stages of negotiating the sale of its business in Europe to a private equity firm.

CVC Capital Partners (CVC) has made a firm offer to buy the business, which includes Campbell’s soups, sauces and simple meals.

The deal also covers Liebig and Royco in France, Erasco in Germany, Blå Band in Sweden and Devos Lemmens and Royco in Belgium.

It would also include the sale of four plants in Puurs, Belgium; Le Pontet, France; Lubeck, Germany; and Karpalund, Sweden.