date:Jul 26, 2019
ges, advised Campbell Soup on the deal.
Earlier this month, Campbell Soup Company signed a definitive agreement to sell Kelsen Group to CTH for $300m.
Based in Denmark, Kelsen is engaged in the production of baked snacks under various brands, including Kjeldsens and Royal Dansk.
CTH is a Belgian holding company affiliated to the Ferrero Group. The company registered net sales of approximately $157m over the last year.
As part of the transaction, CTH will acquire two production facilities in