April 16/Mergers & Acquisitions Business -- Campbell Soup Company entered into an agreement to acquire artisan bread maker Ecce Panis Inc. Campbell plans to run the business as part of its Pepperidge Farm bakery operations.
Financial terms were not disclosed. The transaction is expected to be completed later this spring. Campbell anticipates that the acquisition will not have a material impact on fiscal 2009 earnings and will be slightly accretive to earnings in fiscal 2010.