Business

Campbell near deal on European unit

NEW YORK — Campbell Soup says it’s in final negotiations to sell its European business to private equity firm CVC Capital Partners for an undisclosed sum, the latest move by chief executive Denise Morrison to reshape the company.

The proposed sale includes the company’s soups, sauces, and other products that are sold under a variety of names in Belgium, Finland, France, Germany, and Sweden. The deal, which is not yet final, doesn’t include products in the United Kingdom, Ireland, the Middle East, or Africa, or the export of its Pepperidge Farm baked goods.

Advertisement

The expected sale is the latest structural change for the soup maker since Morrison took over two years ago. Morrison has vowed to right the company’s struggling canned soup business in the United States, and has been moving to diversify with the type of fresher products that are growing in popularity.

Campbell’s European business is based in Belgium and employs around 1,300 people, according to CVC Capital.

Loading comments...
You're reading  1 of 5 free articles.
Get UNLIMITED access for only 99¢ per week Subscribe Now >
You're reading1 of 5 free articles.Keep scrolling to see more articles recomended for you Subscribe now
We hope you've enjoyed your 5 free articles.
Continue reading by subscribing to Globe.com for just 99¢.
 Already a member? Log in Home
Subscriber Log In

We hope you've enjoyed your 5 free articles'

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of BostonGlobe.com
Marketing image of BostonGlobe.com
Already a subscriber?
Your city. Your stories. Your Globe.
Yours FREE for two weeks.
Enjoy free unlimited access to Globe.com for the next two weeks.
Limited time only - No credit card required!
BostonGlobe.com complimentary digital access has been provided to you, without a subscription, for free starting today and ending in 14 days. After the free trial period, your free BostonGlobe.com digital access will stop immediately unless you sign up for BostonGlobe.com digital subscription. Current print and digital subscribers are not eligible for the free trial.
Thanks & Welcome to Globe.com
You now have unlimited access for the next two weeks.
BostonGlobe.com complimentary digital access has been provided to you, without a subscription, for free starting today and ending in 14 days. After the free trial period, your free BostonGlobe.com digital access will stop immediately unless you sign up for BostonGlobe.com digital subscription. Current print and digital subscribers are not eligible for the free trial.