TUALATIN, Ore. — Campbell Soup says it has agreed to pay $700 million to acquire Pacific Foods, which makes organic broths and plant-based drinks.
The deal marks the latest effort by Campbell to diversify its product lineup to better reflect changing tastes toward foods that are seen as healthier or fresher.
The New Jersey-based company’s other acquisitions have included hummus and salsa maker Garden Fresh and organic baby food maker Plum.
Campbell says it will continue operating Pacific Foods out of Tualatin, Ore., where it was founded in 1987.
