The Campbell Soup Company has announced a $230 million investment program extending through to 2027.  The Company will invest in modern equipment and close inefficient plants that cannot be modified to achieve a “more agile, flexible and cost-effective manufacturing network”.

The company has already spent $80 million on projects.  Among plants to be closed, the Tualatin, OR. plant purchased from Pacific Foods will be phased out and closed by 2026.  Soup and broth production at this facility will be moved to other plants within the company network.  The Jefferson, IN. plant will be reconfigured to produce a specialized range of snacks with existing production transferred to Charlotte, NC. and Hanover, PA.  The Maxton, NC. plant will be upgraded with an investment of $150 million and the Franklin, WI. plant will be expanded.  A new plant will be established in Richmond, UT. dedicated to the production of Goldfish® snacks.

Financial results for the most recently concluded quarter are posted in a companion article in this edition.