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Soup’s On! StockPot Opens Everett Culinary Campus

Press Releases
    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

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

“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

    CONTACT: Campbell Soup Company
             John Faulkner
             (856) 342-3738 (office)
             (302) 383-4536 (cell)

    SOURCE: Campbell Soup Company
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