Campbell’s to acquire 49 per cent stake in Rao’s pasta sauce manufacturer

Campbell’s to acquire 49 per cent stake in Rao’s pasta sauce manufacturer

Campbell’s enters into a definitive agreement to acquire 49 per cent of La Regina, the makers of Rao’s tomato-based pasta sauces, for US$286 million. The purchase is to be paid in two tranches with the deal expected to close in the second half of fiscal 2026. Campbell’s acquired Rao’s in 2023 as part of its US$2.7 billion purchase of Sovos Brands. Rao’s portfolio of products includes pasta sauces, dry pasta, frozen entrées, frozen pizza and soup…