Campbell To Spend $1.6B On PE Firm's Food Retailer

Law360, New York (July 9, 2012, 12:58 PM EDT) -- Campbell Soup Co. has agreed to buy natural and health food retailer Wm. Bolthouse Farms Inc. from Chicago private equity firm Madison Dearborn Partners LLC for $1.55 billion, the New Jersey-based food manufacturer said Monday.

Campbell will purchase Bakersfield, Calif.-based Bolthouse Farms from a Madison Dearborn fund in an all-cash transaction. The food giant will fund the deal with a combination of short- and long-term borrowings, it said.

Bolthouse Farms is a vertically integrated food and beverage company that makes value-added health food products. The company...
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