CAMDEN, N.J. — Campbell's is expanding its business in the healthy beverage and packaged fresh foods businesses with the acquisition of Bolthouse Farms.
Campbell's said it would acquire Bolthouse Farms from a fund managed by private equity firm Madison Dearborn Partners for $1.55 billion in cash. The company said that it plans to operate Bolthouse Farms as a separate business unit, while members of Bolthouse's senior management team, including president and CEO Jeff Dunn, will remain with the company.