New Facility Will Provide Fresh, Premium Soupmaker with 220,000 Sq. Ft. of State-of-the Art Capacity
EVERETT, Washington–(BUSINESS WIRE)–May 4, 2007–Campbell Soup Company (NYSE:CPB) and StockPot Inc. today officially dedicated the company’s new 220,000 square-foot Everett Culinary Campus, which will produce StockPot’s award-winning line of fresh, refrigerated soups and chili. Congressman Rick Larson, King County Executive Ron Sims and Everett Mayor Ray Stephanson were among the state and local officials who participated in the dedication of the state-of-the-art soup-making facility.
Mark Sarvary, President, Campbell North America, said, “StockPot has been, and will continue to be, an integral part in the future growth of Campbell Soup Company. When Campbell acquired StockPot nearly a decade ago, we believed there was significant potential to increase the presence of premium soup at retail and today premium soup is one of our company’s key strategies. Campbell’s mission is to build the world’s most extraordinary food company by nourishing people’s lives, everywhere and every day. This state-of-the-art facility is an environment where our chefs and employees can do just that.”
StockPot’s new Everett Culinary Campus will have a workforce of approximately 350. At more than double the size of Woodinville, the new Everett facility will provide the production capacity required to meet anticipated demand for StockPot’s soup and chili.
In April 2005, the company reached an agreement with King County to relocate from its Woodinville location in order to make way for the Brightwater Treatment Plant, which was being planned at that time to be built in Snohomish County. King County Executive Sims was instrumental in developing the relocation incentive package to keep the company in the three-county region. In August 2005, StockPot announced plans to build a new Culinary Campus within South Everett’s Seaway Business Park.
“I was determined to save the 350 StockPot jobs for the region as well as protect the area economy from a building moratorium for lack of sewage capacity,” said Executive Sims. “It is rewarding to see the agreement with StockPot and Campbell result in this facility, making possible for the company to continue generating revenue and providing family-wage jobs that will benefit both the community and our regional economy.”
“Today’s dedication highlights a collaborative regional partnership, representing opportunity and business growth for our community,” Executive Aaron Reardon said. “We are pleased to welcome StockPot to its new location.”
“We are proud to welcome StockPot to our dynamic Everett business community. We are home to world-class companies such as Boeing, and it’s gratifying to add StockPot and the Campbell Soup Company to our growing business roster,” said Everett Mayor Stephanson.
Engineering and architectural services for StockPot’s new 18-acre Culinary Campus were provided by The Dennis Group, LLC. Construction was handled by Panattoni Construction, Inc.
About Campbell Soup Company
Campbell Soup Company is a global manufacturer and marketer of high quality simple meals, including soup, baked snacks, vegetable-based beverages, and premium chocolate products, with annual revenues in excess of $7.3 billion.
Founded in 1869, the company has a portfolio of market-leading brands, including “Campbell’s,” “Pepperidge Farm,” “Arnott’s,” “V8,” and “Godiva.” For more information on the company, visit Campbell’s website at www.thecampbellscompany.com.
CONTACT: Campbell Soup Company John Faulkner (856) 342-3738 (office) (302) 383-4536 (cell) SOURCE: Campbell Soup Company