We secured regulatory approval for the acquisition

Davis Polk advised Campbell Soup Company on its $2.7 billion acquisition of Sovos Brands, Inc., announced in August 2023. In October 2023, the Federal Trade Commission requested additional information as part of its review of the transaction under the Hart-Scott-Rodino Act. At the conclusion of the FTC’s investigation, Campbell completed its acquisition of Sovos on March 12, 2024 with no antitrust remedies imposed by the FTC.

Headquartered in Camden, New Jersey, since 1869, Campbell has been trusted by generations of consumers to provide delicious and affordable food and beverages. Campbell’s portfolio includes iconic brands such as Campbell’s, Cape Cod, Goldfish, Kettle Brand, Lance, Late July, Milano, Pace, Pacific Foods, Pepperidge Farm, Prego, Snyder’s of Hanover, Swanson and V8.

Sovos products include a variety of pasta sauces, dry pasta, soups, frozen entrées, frozen pizza and yogurts, all of which are sold in North America under the brand names Rao’s, Michael Angelo’s and noosa.

The Davis Polk antitrust and competition team included partners Howard Shelanski and Jesse Solomon, counsel Mary K. Marks and associates Henry Brockway, Claire Creighton and Ilana M. Rice. Members of the Davis Polk team are based in the New York and Washington DC offices.

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