Vending

Campbell to consolidate North Carolina, Connecticut snack facilities into NJ headquarters

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January 18, 2023

Campbell Soup Co. will consolidate its snacks offices in Charlotte, N.C. and Norwalk, Conn. into its headquarters in Camden, New Jersey, according to a press release.

Over the next three years, the company plans to invest approximately $50 million to enhance its Camden facilities to drive greater creativity, collaboration and career development, as well as to accommodate more than 1,600 employees that will now be located on its renovated campus.

The company expects to start realizing cost savings from consolidating the buildings in fiscal year 2024 and to reach $10 million in annual cost savings by fiscal year 2026. The savings will be partially reinvested in the business and are included in the company's plan to increase margins in the snacks division.

No commercial roles are being eliminated related to the closing of the Charlotte and Norwalk office buildings. The company will provide eligible employees with comprehensive relocation support.