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CAMDEN, N.J. May 13, 2008 – Campbell Soup Company (NYSE: CPB) today announced it has completed the sale of its Australian salty snack brands to a group of Australian investors, including the senior management of The Real McCoy, an Australian owned snack foods company. Campbell announced the agreement of sale on April 28, 2008.
The transaction included the following salty snack brands: Cheezels, Thins, Tasty Jacks, French Fries, and Kettle Chips. The transaction also included two plants in Australia that produce salty snacks.
Financial terms were not disclosed.
About Campbell Soup Company
Campbell Soup Company is a global manufacturer and marketer of high-quality foods and simple meals, including soup, baked snacks, and healthy beverages. Founded in 1869, the company has a portfolio of market-leading brands, including "Campbell's," "Pepperidge Farm," "Arnott's," and "V8." For more information on the company, visit Campbell's website at www.campbellsoup.com.
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Anthony Sanzio (Media)
(856) 968-4390
Leonard F. Griehs (Analysts)
(856) 342-6428