Campbell Soup Company has completed the sale of the Pop Secret popcorn business to Our Home, an independent better-for-you snack company.
The Pop Secret business generated net sales of approximately $120 million in fiscal 2024.
Chris Foley, Executive Vice President and President, Campbell’s Snacks said: “This marks another step in our journey to strategically focus our Snacks portfolio.
“The sale of Pop Secret will drive greater focus and accelerated growth across our Snacks division and portfolio of leading brands.”
BofA Securities acted as exclusive financial advisor and Blank Rome served as legal advisor to Campbell’s on the transaction.