March 12 (Reuters) - Campbell Soup ( CPB ) has completed
the acquisition of Rao's Homemade-owner Sovos Brands ( SOVO ),
the U.S. packaged food maker said on Tuesday, weeks after
receiving clearance from the Federal Trade Commission.
The closing of the $2.33-billion deal, announced in August
last year, was pushed to mid-2024 from December after the FTC
requested additional information in October.
However, in February, Campbell said it would close the deal
within days of March 11, the last day for a waiting period to
expire following the issuance of compliance.
Campbell has created a new business unit called "distinctive
brands" within its meals and beverages division to include Sovos
Brands ( SOVO ), which consists of pasta sauces, dry pasta, soups, frozen
pizza and yogurts.