CAMDEN, N.J. (AP) — Campbell Soup Co. said Thursday it will sell its German Village Products pasta plant in northwest Ohio to Philadelphia Macaroni Co. and have that company supply more of its pasta.
Terms of the deal for the plant in Wausen, Ohio, which employs 30 people, were not disclosed.
Campbell said the agreement calls for the 65,000-square-foot plant to close before the sale is complete. The company said the plant, which makes pasta used in Campbell's soups, will close around July 15. Campbell said it is discussing transfer rights and severance packages for the employees with the United Food and Commercial Workers Union Local 75.
Campbell had run the plant since 1979.
The deal should be complete in the fourth quarter, which ends Aug. 1.
Campbell said it has entered a long-term supply agreement with Philadelphia Macaroni Company, which has made pasta for Campbell since the 1920s.
Shares of Campbell fell 29 cents to close at $36.46 on Thursday.
