The Campbell Soup Company (CPB) is moving into the pasta sauce space through a $2.7 billion deal with Sovos Brands (SOVO), a partnership which Campbell President and CEO Mark Clouse reiterates is "not a deviation, not a departure, it's about stepping on the gas and going forward with it."
Clouse sits down with Yahoo Finance Executive Editor Brian Sozzi to discuss the strategic acquisition of Sovos' landmark sauce brand, Rao's Homemade, which will expand Campbell's own variety of frozen meals and products. "We will not touch the sauce," Clouse assures fans of the brand's original recipe.
