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Food & Beverage

Campbell Soup completes sale of French business

September 30, 2008
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Campbell Soup Co. completed the sale of its condiments business in France, the Associated Press reported. The company sold its Generale Condimentaire business to Lesieur, which is indirectly held by Sofiproteol, the financial unit of the French oilseed producer. In July, Campbell said it would sell the business to focus on its simple-meals category in the country. Financial terms were not disclosed. The business sold includes sauce and mayonnaise products sold under the "Lesieur" brand in France and a manufacturing plant in Dunkerque, France, with a staff of 100. Campbell previously licensed the "Lesieur" name from Lesieur and made annual payments for the use of the brand.

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