Campbell Picks Up Pace
Campbell Soup Co. agreed Monday to pay $1.1 billion for Pace Foods Ltd., maker of Mexican-style picante and chili sauces. Here is a snapshot of both companies:
Campbell Soup Co.:
* Headquarters: Camden, N.J.
* Chief executive: David W. Johnson
* Employees: 44,000
* Major products: Canned soups, frozen dinners, spaghetti sauces, other brand-name food products.
* 1994 revenue: $6.7 billion
* 1994 profit: $630 million
* Earnings per share: $2.51
* Fiscal year ends: july, 1994
* Stock price: Unchanged Monday at $43.75 a share.
Pace Foods Ltd.:
* Headquarters: San Antonio, Tex.
* Chief executive: Christopher Goldsbury, Jr.
* Employees: 471
* Major products: Mexican-style picante and green chili salsas
Note: Before Monday, the company was privately held; no earnings information is being released.
Sources: Bloomberg Business News, company reports.