Camden-based Campbell’s on Wednesday announced it is selling its Noosa yogurt business, which it acquired in March of this year as part of its purchase of Sovos Brands, to Lakeview Farms.
Financial terms were not disclosed.
In June this year, the US soup and sauces giant said it would “explore strategic alternatives” for Noosa, which manufactures and markets Australian-style yogurt products made out of whole milk.
The sale includes all Noosa yogurt trademarks and a manufacturing facility in Bellvue in Colorado.
As part of the deal, approximately 240 Noosa employees are expected to join Lakeview Farms.The noosa business generated net sales of $177 million for the last 12 months ending October 2024.
Mick Beekhuizen, executive vice president and president, Campbell’s Meals & Beverages said, “noosa is a well-run business supported by a great team. We are pleased that its new home will be with a buyer with a strategic focus on the refrigerated category. The sale will drive greater focus on our portfolio of leadership brands.”
