Financial terms of the agreement were not disclosed. Campbell anticipates that the acquisition will not have a material impact on its business results in fiscal 2009.
The acquisition of the Wolfgang Puck business and the trademark licensing agreement support Campbell's commitment to wellness and extend the company's offerings in the growing organic and natural segment of the market. According to industry estimates, full-year 2007 sales for organic wet soup in the U.S. were $150 million, with a compound annual growth rate of 23% from 2003 to 2007.