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).
With its founder Todd Lachman as its CEO, it is headquartered in
Louisville, Colorado southeast of
Boulder, Colorado
Boulder is a home rule city that is the county seat and most populous municipality of Boulder County, Colorado, United States. The city population was 108,250 at the 2020 United States census, making it the 12th most populous city in Color ...
. Having analyzed more than 200 brands since its founding,
the firm has focused on developing products and competing with large companies as it has rapidly acquired attention.
Rao's Homemade was 69 percent of Sovos' adjusted net sales in 2022, and its net sales in 2022 were 34.9% more than those in 2021. Lachman said Sovos has done well during the current inflationary period; consumers have bought more consumer products as opposed to dining out.
Campbell Soup Company
Campbell Soup Company, trade name, doing business as Campbell's, is an American processed food and snack company. The company is most closely associated with its flagship canned soup products; however, through mergers and acquisitions, it has gro ...
had planned to buy Sovos for $2.7 billion by December 2023. However, this deal was extended to 2024 to address questions from the
FTC. On March 12, 2024, Campbell's announced that it had completed its acquisition of the company.
References
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External links
Official website
Food manufacturers of the United States
American companies established in 2017
Frozen food brands
Companies based in Boulder County, Colorado
2024 mergers and acquisitions