This story is being republished under a special NJ News Commons content-sharing agreement related to COVID-19 coverage. Link to story: nj.com/business/2023/08/famed-pasta-sauce-brand-finds-new-home-in-nj.html
A New Jersey-based company has acquired a well-known sauce and soup brand. Campbell Soup Co. recently purchased Sovos Brands, Inc.—the parent company of the prominent Rao’s Homemade. The approximately $2.7 billion deal is expected to be completed by December 2023.
“Today marks a momentous occasion for Sovos Brands as we announce our plans to join the Campbell’s family,” Todd Lachman, CEO of Sovos Brands, said. “We have built a one-of-a-kind, high growth food company focused on taste-led products across a portfolio of premium brands, anchored by the Rao’s brand.”
The famed Campbell Soup Company, best known for its iconic Campbell’s brand, has been based in Camden since its inception in 1869.
Campbell also owns popular brands, like Prego, Pace, Pepperidge Farm and Snyder’s of Hanover.
Rao’s, the famed Italian eatery in New York City, originally opened in 1896. The company started packaging and selling its sauce in 1992.
Some of Rao’s most popular items include its homemade marinara, tomato basil, Alfredo, bolognese and vodka sauces. It also sells dry pasta, soups and frozen entrees.