Sovos acquisition could result in local redundancies, Noosa sale

LOUISVILLE — The upcoming acquisition of Sovos Brands Inc. (Nasdaq: SOVO) by food giant Campbell Soup Co. (NYSE:CPB) may result in the elimination of some redundant administrative operations at Sovos’ Louisville headquarters and the offloading of the Bellvue-based Noosa Yoghurt brand. 

“While yogurt is not core to our strategy, we are excited that (Noosa) is performing very well with great products and strong profitability,” Campbell CEO Mark Clouse said in a conference call last week after the firm went public with its plan to absorb Sovos, which moved to Colorado from California several years ago and controls Rao’s pasta sauce,…