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Campbell nears deal to sell Bolthouse Farms to its former CEO

Kenneth Hilario
Campbell nears deal to sell Bolthouse Farms to its former CEO

Campbell Soup Co. is reportedly nearing a deal to sell Bolthouse Farms for $500 million to a group of investors led by the company's former CEO. Camden, N.J.-based Campbell Soup Co. since last year has been looking to divest its international and fresh divisions to focus on Snacks and Campbell Meals and Beverages, the company's core North American market. The company has already sold Garden Fresh Gourmet as well as its refrigerated soup plant in Washington.