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Campbell Soup is set to buy Sovos Brands, the maker of Rao’s pasta sauces. In a Monday announcement, the two companies said they had entered an agreement for Campbell's to acquire Sovos for $23 ...
Scoring a reservation at Rao's restaurant is nearly impossible, so 31 years ago, the restaurant began selling its sauce. Campbell's makes saucy purchase, buys out Rao's for $2.7 billion Skip to ...
The Rao's brand hauled in $775 million in sales alone, up 37% from a year ago. Campbell's share price has been down 19% in the past year compared to the S&P 500's ( ^GSPC ) 34% gain.
Sovos Brands is an American corporation that sells convenience food brands, including Rao's Homemade items, Michael Angelo's frozen entrees, Noosa's Yoghurt, and Birch Benders products (cake, waffle, and pancake mixes as well as syrups).
2. Calabrian Chili. $16.99 from Rao's. Shop Now. If you can stomach the price tag and the fact that this isn't really as spicy as it probably should be, this is a terrific tomato sauce.
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