Campbell to Consolidate Snacks Offices and Invest $50 Million in Camden Headquarters to Fuel Next Chapter of Growth - Seite 2

To support the company’s two-division operating model, the Snacks and Meals & Beverages divisions will each have distinct sections of the campus that celebrate and support their respective identities and business focus.

First Major Investment in Camden Campus Since 2010

The investment reflects the latest step in Campbell’s growth plans and the company’s commitment to Camden, its home since 1869. Campbell has been at its current location since 1957, when the corporate headquarters was moved roughly one mile from the original manufacturing plant.

Campbell last completed a major expansion and renovation of its campus in 2010 at a cost of approximately $132 million. At that time, Campbell also purchased vacant buildings and parcels surrounding its headquarters, which spurred the redevelopment of Camden’s Gateway District and the location of other major businesses to the city, including Subaru of America.

Charlotte and Norwalk Buildings to Close

Campbell has been evaluating plans to unify its Snacks headquarters following the acquisition of Snyder’s-Lance, Inc. in 2018. The division currently operates across multiple office locations, mainly split between Camden, Charlotte and Norwalk.

The company determined that investing in Camden and unifying most of the company’s office-based employees in one location provides the greatest benefits for the business and will provide the Snacks division with significantly improved facilities, resources and services than those that exist in Charlotte or Norwalk.

Team members in Charlotte and Norwalk will relocate to Camden in phases starting in mid-2023. For employees who choose not to relocate, Campbell will provide job placement support and severance benefits commensurate with level and years of service.

The building closings will not impact Campbell’s other operations in Connecticut and North Carolina.

• In Connecticut, Campbell will continue to operate its Pepperidge Farm bakery in Bloomfield. Opened in 2002, the Bloomfield bakery employs nearly 400 people, is actively hiring and has plans to expand in 2023.
• In North Carolina, Charlotte will remain a key manufacturing and distribution center, with approximately 1,400 employees in the Pineville area. Combined with the company’s Maxton manufacturing site, Campbell employs approximately 2,500 people in the state.

“We have a long history in Connecticut and North Carolina and will continue to have key operations in both states,” said Clouse. “The decision to close these offices was difficult but it is the right thing to do for our business and culture. Unifying the company in one headquarters increases connectivity, collaboration and provides enhanced career opportunities for our team.”