Campbell sells Delacre to United

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Campbell Soup Co., Camden, N.J., said it will sell its European-based biscuit business, Delacre, to United Biscuits (Holdings), one of the United Kingdom's leading food marketers, for $125 million. Campbell said it will focus on its two biscuit and cracker businesses with the highest growth potential: Arnotts in Australia and Pepperidge Farm in the U.S.

Copyright May 1998, Crain Communications Inc.

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