The Campbell's Company announced on February 24, 2025, the completion of the sale of its noosa yoghurt business to Lakeview Farms, LLC. The terms of the transaction were not disclosed by the company.
Campbell's had acquired the noosa yoghurt business as part of the Sovos Brands, Inc. acquisition in March 2024, with the intention to divest it as the yogurt category was not considered core to its long-term strategy. Lakeview Farms and noosa will now combine and operate as Novus Foods.
As previously stated when the sale agreement was announced in November 2024, Campbell's expects the divestiture to be dilutive to earnings per share by approximately $0.01 in fiscal 2025. This transaction finalizes the company's efforts to refine its portfolio and concentrate resources on its differentiated leadership brands.
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