Campbell Completes Sale of Generale Condimentaire Condiment Business in France to Lesieur

CAMDEN, N.J.--()--Campbell Soup Company (NYSE:CPB) today announced it has completed the sale of its Generale Condimentaire (GECO) business to Lesieur, a company indirectly held by Sofiproteol, the financial arm of the French oilseed producer. Campbell announced the signing of the agreement on July 31, 2008. Financial terms of the sale were not disclosed.

The GECO business comprises sauce and mayonnaise products sold under the Lesieur brand in France and a manufacturing facility in Dunkerque, France, which employs 100 people. Campbell previously licensed the Lesieur name from Lesieur and made annual payments for the use of the brand.

Campbell will focus its business in France on driving growth in the simple meals category through its market-leading Liebig and Royco soup brands.

About Campbell Soup Company

Campbell Soup Company is a global manufacturer and marketer of high-quality foods and simple meals, including soup, baked snacks, and healthy beverages. Founded in 1869, the company has a portfolio of market-leading brands, including Campbells, Pepperidge Farm, Arnotts, and V8. For more information on the company, visit Campbells website at www.campbellsoup.com.

Forward-Looking Statements

This release contains "forward-looking statements" which reflect the company's expected future business and financial performance, including statements about future plans, strategies, opportunities and objectives of management; statements concerning expected development, market performance or consumption trends of new or reformulated products; statements concerning projections of sales, earnings or volume growth; and statements regarding assumptions underlying any of the foregoing. Forward-looking statements by their nature address matters that are uncertain and are subject to risks. These uncertainties may cause our actual results to vary materially from those expressed or implied in our forward-looking statements. Please refer to the company's most recent Form 10-K and subsequent filings for a further discussion of risks. The company disclaims any obligation to update its forward-looking statements.

Contacts

Campbell Soup Company
Media:
Anthony Sanzio, 856-968-4390
or
Analysts:
Leonard F. Griehs, 856-342-6428

Contacts

Campbell Soup Company
Media:
Anthony Sanzio, 856-968-4390
or
Analysts:
Leonard F. Griehs, 856-342-6428