# Campbell's Soup Toronto plant assets acquired by joint venture for public sale

Capital Recovery Group, TCL Asset Group, Corporate Assets Inc., and Rabin Worldwide acquired all available assets of the Campbell's Soup processing facility in Toronto. The plant is being decommissioned in May 2019, and assets representing over $200 million at replacement cost will be sold.

- Type: Closure
- Announced: 2019-03-26
- Where: Toronto, Ontario, Canada
- Status: completed
- Capacity: 20M+ cases of soup annually
- Products: soup processing and packaging equipment
- Sectors: [Food Processing Equipment](https://endata.com/sectors/food-processing-equipment.md)

## Companies

- [Campbell Soup](https://endata.com/companies/1308.md)
- [Capital Recovery Group](https://endata.com/companies/38230.md) (partner)
- [TCL Asset Group](https://endata.com/companies/38231.md) (partner)
- [Corporate Assets Inc.](https://endata.com/companies/38232.md) (partner)
- [Rabin Worldwide](https://endata.com/companies/38233.md) (partner)

## Sources

- [crgllc.com](https://crgllc.com/capital-recovery-group-llc-tcl-asset-group-inc-corporate-assets-inc-and-rabin-worldwide-acquire-all-available-assets-of-the-campbells-soup-processing-facility-in-toronto-ontario-canada/), 2019-03-26: "This sale is the largest food processing machinery and equipment offering ever held in Canada."
- [newswire.ca](https://www.newswire.ca/news-releases/tcl-asset-group-inc-corporate-assets-inc-rabin-worldwide-and-capital-recovery-group-llc-acquire-all-available-assets-of-the-campbell-s-soup-processing-facility-in-toronto-ontario-canada-859332214.html), 2019-03-26: "The plant is set to close in May 2019, with all equipment for sale at private treaty and a public auction."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.