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CAMPBELL SELLS U.K. CHILLED FOODS BUSINESS TO ALBERT FISHER

 CAMDEN, N.J., March 4 /PRNewswire/ -- Campbell Soup Company (NYSE: CPB) announced today it has sold its Campbell Chilled Foods Limited subsidiary in the U.K. to The Albert Fisher Group PLC, of England.
 Campbell Chilled Foods, based in York, England, manufactures and markets chilled sandwiches and salads. Most of its salad sales are to private-label customers, while most of the sandwich sales are under the brand "Wright's of York."
 Robert Subin, President of Campbell International Specialty Foods, said Campbell's Chilled Foods is an "excellent business with excellent growth potential," but that it does not fit Campbell's core business strategy in the U.K, which is heat-processed, shelf-stable grocery items and frozen foods.
 "We felt our chilled foods business would be more strategic to a company like Albert Fisher and that we could more effectively redeploy those assets back into our core business," Subin said.
 Campbell Chilled Foods employs from 215 to 280 people, depending on the season, at its facilities five miles north of York. Its brand, "Wright's of York" dates back to 1888. The company entered the chilled foods business in 1985 and was acquired by Freshbake Foods Group PLC in 1986. In 1988, Freshbake was acquired by Campbell Soup Company.
 Albert Fisher is a major international food sourcing, processing and distribution group.
 /delval/
 -0- 3/4/94
 /CONTACT: James H. Moran, 609-342-6426, or Leonard F. Griehs, 609-342-6428, of Campbell Soup Company/
 (CPB)


CO: Campbell Soup Company; The Albert Fisher Group PLC ST: New Jersey IN: FOD SU: TNM

JO -- PH006 -- 7644 03/04/94 10:49 EST
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Publication:PR Newswire
Date:Mar 4, 1994
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