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flag Campbell Soup completes $2.33bn acquisition of Sovos Brands, owner of Rao's Homemade, with FTC clearance.

flag Campbell Soup has completed its $2.33bn acquisition of Sovos Brands, the owner of Rao's Homemade, after receiving clearance from the Federal Trade Commission. flag The deal, initially announced in August, faced delays but was ultimately closed on schedule. flag Campbell has established a new business unit called "Distinctive Brands" to include Sovos Brands, which consists of pasta sauces, dry pasta, soups, frozen pizza, and yogurts.

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