Campbell to Build New Plant

NEW YORK - Jul 15/05 - SNS -- Campbell Soup Company will build an $80 million, 220,000-square-foot culinary campus in Everett, Washington for its premium refrigerated soup business.

The new facility will enable the company's StockPot business to increase its production capacity by 50% when it relocates from its present campus in Woodinville, Washington. The new StockPot facility is expected to start up in the summer of 2006.

In early April, King County, Washington, officials and StockPot reached an agreement to relocate the company's existing culinary campus to allow for the development of the Brightwater Treatment Plant north of Woodinville in Snohomish County. As part of that agreement, a $23.45 million relocation benefits package was offered by King County, which was intended to assist StockPot to relocate within King, Snohomish or Pierce counties, and thereby maintain over 400 jobs and $21 million in annual company purchases in the region.

StockPot's new 18-acre culinary campus will be located within the Panattoni Development Company's Seaway Business Center, which is southwest of downtown Everett. The proposed design and site will also allow for future expansion.