The proposed sale - due to be completed in the first quarter of fiscal 2014 - includes the sale of four plants in Puurs, Belgium; Le Pontet, France; Lubeck, Germany; and Karpalund, Sweden.
However, it does not include the export of Pepperidge Farm products in Europe or Campbell’s products in the UK, the Middle East or Africa. It also excludes Danish baked snacks maker Kelsen Group, which Campbell has just acquired.
In fiscal 2012, the businesses included in the proposed transaction generated annual net sales of approximately $530m.