Troutman Pepper Advises Campbell in Sale of Emerald Nuts Business to Flagstone Foods

PHILADELPHIA – Troutman Pepper client Campbell Soup Company recently announced the sale of the Emerald nuts business to Flagstone Foods, one of the largest manufacturers and distributors of private label healthy snacks in North America. Read a company press release.

In 2018, Campbell acquired the Emerald nuts business as part of the Snyder’s-Lance, Inc. acquisition. The Emerald business generated net sales of $66 million in fiscal 2022 and $46 million for the nine-month period ended April 30, 2023. The company does not expect the divestiture to have a material impact to its fiscal 2023 financial results.

The Troutman Pepper team advising Campbell in the sale was led by Solomon Hunter and Courtney Goins and included Mateusz Saykiewicz, Madeline Reed, Sheri Adler, Deborah Enea, Todd Fracassi, Howard Goldberg, Mike Jones, and Majda Muhic.

Consistently recognized as a top-tier national practice, Troutman Pepper’s corporate attorneys regularly handle transactions ranging in size from tens of millions of dollars to multibillion dollars. Core areas of service include private equity, mergers and acquisitions (including cross-border transactions and corporate carve-outs), capital markets and corporate finance, corporate governance, and securities laws compliance. The firm also has particular expertise in advising clients on matters involving fund formation and fund management.

About Troutman Pepper
Troutman Pepper is a national law firm with more than 1,200 attorneys strategically located in 23 U.S. cities. The firm’s litigation, transactional, and regulatory practices advise a diverse client base, from startups to multinational enterprises. The firm provides sophisticated legal solutions to clients’ most pressing business challenges, with depth across industry sectors, including energy, financial services, health sciences, insurance, and private equity, among others. Learn more at troutman.com.