The Company offers farming, product development, and marketing services, as well as provides irrigation and soil depletion prevention programs. Bolthouse Farms operates over 65,000 acres of growing land; facilities in California, Illinois, Ontario, and Washington; nationwide fresh distribution capabilities; and a state-of-the-art carrot and beverage processing plant, according to a press release. Bolthouse Farms is owned by Campbell Soup Co. Operations. The company's president is Andre Radandt. The sale completes the plan announced in August to unwind the Campbell Fresh division as part of the company’s plan to narrow its focus and reduce debt. Campbell paid $1.55 billion for Bolthouse Farms in 2012, when the brand had more than $100 million in earnings before interest, taxes, depreciation and amortization. Company showcases new meat snacks, seeds, popcorn, sweets and more at the online NACS show. Butterfly's other Co-Founder, Adam Waglay, added, “We are thrilled to partner with a vertically-integrated produce and fresh food leader with a history as rich as Bolthouse Farms, and we believe the company’s future is very bright especially given the continued rise of plant-based food in the diet of today’s consumer.". The process to divest Campbell International is ongoing, according to the company. The Company offers farming, product development, and marketing services, as well as provides irrigation and soil depletion prevention programs. We use cookies to provide you with a better experience. “We are proud to support Bolthouse Farms in further bolstering its strong positioning within fresh carrots and chilled premium beverages, and are excited to back a group of seasoned operators as passionate about produce as Jeff and his team to lead what is already a strong organization,” said Dustin Beck, Butterfly’s Co-Founder. LOS ANGELES — Butterfly Equity, a private equity firm focused on the food sector, has agreed to acquire Bolthouse Farms from Campbell Soup Co. for $510 million in cash. The Campbell Fresh business unit had net sales of $970 million in 2018. Bolthouse Farms provides agricultural operations. The late Bolthouse … Producer of vegetable and fruits products. The Camden, N.J.-based company previously announced the sales of Garden Fresh Gourmet and a refrigerated soup plant in Everett, Wash. “The sale of Bolthouse Farms supports our strategy to focus on our two core North American businesses, Campbell Snacks and Campbell Meals and Beverages, where we have iconic brands and strong market positions,” said Mark Clouse, president and c.e.o. The company employs approximately 2,200 workers. Bolthouse Farms benefits from access to over 65,000 acres of premium growing land, nationwide fresh distribution capabilities, and a state-of-the-art carrot and beverage processing facility. Campbell Soup Co. is coming to the end of final talks to sell its Bolthouse Farms brand to an investor group headed by its former CEO Jeff Dunn, according to The Wall Street Journal and CNBC. As part of the transaction, Butterfly’s Operating Partner Jeff Dunn will assume the role of CEO of Bolthouse Farms. Private equity firm Butterfly announced today that it has signed a definitive agreement to acquire the former Campbell Soup Company-owned fresh food supplier for $510 million in cash. This transaction marks Butterfly’s fourth investment within its “seed to fork” approach. The company engages in growing and processing organic carrots, frozen carrots, carrot juice concentrate and carrot fiber, enabling its customers to avail fresh produces straight from the farm. After months on the market, Bolthouse Farms—a vertically-integrated food and beverage company focused on developing, manufacturing, and marketing proprietary, high value-added natural, healthy products—has officially been acquired.Private equity firm Butterfly announced today that it has signed a definitive agreement to acquire the former Campbell Soup Company-owned fresh food … The company's president is Andre Radandt. Upon completion of the sale, Campbell Soup Co. will have divested its entire Campbell Fresh division as part of previously announced plans to streamline operations. It is now losing money. At Bolthouse Farms, we believe in making better choices about how our food is grown. Bolthouse Farms provides agricultural operations. The company also makes a line of Bolthouse Farms-branded salad dressings. He previously served as Bolthouse Farms’ President and CEO from 2008 to 2016. Butterfly Equity specializes in “seed to fork” investments across agriculture, aquaculture, food and beverage products, food distribution and food service. LOS ANGELES — Butterfly Equity, a private equity firm focused on the food sector, has agreed to acquire Bolthouse Farms from Campbell Soup … Bolthouse's other products include orange juice, passion fruit juice, fruit smoothies, chai tea, Bom Dia açaí juice, and lemonade. Bolthouse Farms grows its carrots year-round and ships more than 35,000 tons of Bugs' favorite every month. The closing of the transaction is subject to regulatory approvals and customary closing conditions and is expected to occur in summer 2019. “We can’t wait to get started.”. It markets and sells its beverages and dressings under the “Bolthouse Farms” brand, and its carrots under the “Bolthouse Farms,” “Earthbound Farms” and “Green Giant” brands, as … Bolthouse Farms General Information Description. This transaction marks Butterfly’s fourth investment within its “seed to fork” approach. “Bolthouse Farms holds a special place in the produce industry, and my team and I are deeply committed to strengthening and broadening Bolthouse Farms’ unique legacy,” Mr. Dunn said. We use compost to amend the soil on a regular basis, to replenish organic matter and nurture the roots. The company. In addition to its own farms, Bolthouse also processes the carrot crops of other California growers. LOS ANGELES, CA - Bolthouse Farms is officially under a new company, after months on the market.Private equity firm Butterfly announced today that it has signed a definitive agreement to acquire the formerly Campbell Soup Company-owned fresh food supplier for $510 million in cash. Headquartered in Bakersfield, Calif., Bolthouse Farms has nearly 100 years of farming expertise and innovation. “We can’t wait to get started.”. After months on the market, Bolthouse Farms—a vertically-integrated food and beverage company focused on developing, manufacturing, and marketing proprietary, high value-added natural, healthy products—has officially been acquired. Bolthouse was founded by William Herman Bolthouse, who died a year ago at age 89. As outlined in a board-led strategy and portfolio review this past August, Campbell said it would divest both its Campbell Fresh and Campbell International businesses. 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