The Campbell’s Company reported net sales of US$2.6 billion, representing a 5% decrease compared to the prior year.
Hain Celestial divests its North American snacks unit to Snackruptors for US$115 million as part of a strategy to reduce debt and refocus on core food and beverage categories.
The announcement signals a major strategic pivot for one of North America’s most storied rice companies and reflects broader industry trends toward localized supply chain resilience.
This milestone marks a significant victory for the Minneapolis-based food giant, which successfully reached its goal several months ahead of its original summer 2026 commitment.
The transaction aligns with Bunge’s strategy to optimize its ingredients portfolio, aiming to offer a more diverse range of solutions to customers.