date:Sep 29, 2019
completed the sale of Kelsen Group to a Ferrero-affiliated company for a purchase price of US$300 million, subject to customary adjustments. Campbell will use the proceeds from the divestiture to reduce debt. Based in Nrre Snede, Denmark, Kelsen is a producer of quality baked snacks whose primary brands include Kjeldsens and Royal Dansk. Last month, Campbell announced a definitive agreement to sell Arnotts and certain other Campbells International operations of Campbells International operation