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.
Flowers Foods announced two executive transitions in the company's manufacturing leadership, effective immediately: Michael Beaty will retire in spring of 2015 and will serve as EVP until then. Robert Benton, Jr. will serve as SVP and chief manufacturing officer.
General Mills will close a cereal plant and a yogurt factory - eliminating up to 600 jobs - in an effort to cut costs and offset the sluggish U.S. demand for cereal and other packaged foods.
