Who owns SOVOS BRANDS?

SOVOS BRANDS has been 100% owned by CAMPBELL SOUP COMPANY since March 2024.

At what enterprise value was SOVOS BRANDS acquired in 2024?

During the acquisition of SOVOS BRANDS by CAMPBELL SOUP COMPANY in 2024, the transaction's Enterprise Value is estimated to be in the range of 1b - 4b EUR.

What was the EV/EBITDA of SOVOS BRANDS when it was acquired by CAMPBELL SOUP COMPANY?

The estimated EV/EBITDA multiple for SOVOS BRANDS is in the range of 10x - 18x.

When was SOVOS BRANDS acquired by CAMPBELL SOUP COMPANY?

SOVOS BRANDS was acquired by CAMPBELL SOUP COMPANY in 2024.

What was the revenue of SOVOS BRANDS at the time of the deal?

The revenue of SOVOS BRANDS at the time of the deal is estimated to be in the range of 750M - 1.3b EUR.

What was the EBITDA of SOVOS BRANDS during the acquisition?

SOVOS BRANDS's EBITDA is estimated to be in the range of 100M - 200M EUR.

How is the data for the SOVOS BRANDS acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the SOVOS BRANDS deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://www.thecampbellscompany.com/newsroom/press-releases/campbell-completes-acquisition-of-sovos-brands-inc/

What is the average EV/EBITDA multiple for the AgriFood sector in 2026?

The average EV/EBITDA multiple for the AgriFood sector in 2026 is 11.0x.

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Home Database AgriFoodSOVOS BRANDS

03/2024

SOVOS BRANDS acquired by CAMPBELL SOUP COMPANY

UNITED STATES Food Processing / Food Products EV 1b - 4b EUR

Context

Campbell Soup Company has completed the acquisition of Sovos Brands for $23.00 per share in cash. The transaction values Sovos at a Total Enterprise Value of approximately $2.7 billion. This strategic move adds the fast-growing Rao's brand to Campbell's portfolio, significantly upgrading its "Meals & Beverages" division. To manage these assets, Campbell has created a new "Distinctive Brands" unit. The company expects $50 million in annualized cost synergies and plans to divest the noosa yoghurt brand to focus on the Italian meals category.

SOVOS BRANDS, which reported an EBITDA margin of in 2023, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the AgriFood sector (11.0x).

-> Deep-dive in AgriFood market trends

Target

Sovos Brands is a high-growth consumer packaged food company focused on premium, "one-of-a-kind" brands. Its crown jewel is Rao s Homemade, a market-leading premium pasta sauce that accounts for the majority of its sales. The portfolio also includes Michael Angelo s (frozen Italian entrees) and noosa (premium yoghurt). Sovos is known for its "clean label" philosophy and for transforming niche premium brands into mass-market leaders.

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Similar deals in Food Processing

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
Date	Acquirer	Target	Country	Sector
04/2024	CAMPARI GROUP	COURVOISIER	FRANCE	Wines & Spirits
04/2024	BRIDOR	PANDRIKS	NETHERLANDS	Bakery / Pastry
03/2024	ARGOS WITYU	ROUTIN	FRANCE	Beverages
03/2024	CVC	PARTNER IN PET FOOD (PPF)	HUNGARY	Petfood
02/2024	ARDIAN	MY PIE	FRANCE	Food Products
02/2024	INVESTINDUSTRIAL / SAMMONTANA	FORNO D’ASOLO	ITALY	Bakery / Pastry
12/2023	THE FERRERO GROUP	MICHEL ET AUGUSTIN	FRANCE	Food Products
11/2023	TERRENA	TIPIAK	FRANCE	Dairy
11/2023	COCA-COLA	FINLANDIA VODKA	FINLAND	Wines & Spirits
11/2023	DBAY ADVISORS	FINSBURY FOOD GROUP	UNITED KINGDOM	Food Products

REFERENCES

Valuation range: EV 1b - 4b EUR

Revenue range: 750M - 1.3b EUR

EBITDA range: 100M - 200M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of SOVOS BRANDS by CAMPBELL SOUP COMPANY are reserved for mynth community members. Register for free to unlock full data.

Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Press release: view release

Acquirer: campbell soup company