The acquisition is expected to provide the company greater scale and strategic balance to its current portfolio while positioning it for continued growth.
Campbell is one of 20 U.S. companies, and one of two U.S. food companies, included in the Global 100. The Global 100 drew companies from 22 countries on five continents, evaluating a total of 4,609 companies.
Designer fashion company Coach will acquire luxury footwear company Stuart Weitzman in a deal valued at $574 million. This move will help Coach to expand its offerings and better compete with rivals.