Campbell's Divests Noosa Yogurt to Novus Foods; Hormel Sells Stake in Justin's Nut Butter
1 report, 1 independent
Updated Sep 21
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What happened
Campbell's Company executed a divestiture involving Noosa yogurt. The brand was bought by Novus Foods in 2024. Separately, Hormel Foods Corporation sold a majority stake in Justin's nut butter. These sales occur as food companies prune their portfolios to focus on core offerings and manage costs.
From fooddive.com
Why it matters
The industry is facing significant headwinds from factors including inflation, rising input costs, and shifting consumer habits. These divestitures reflect a broader trend among food manufacturers to sell underperforming brands to private equity firms or specialized buyers.
From fooddive.com