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Campbell closing plants as soup consumption falls

| Friday, Sept. 28, 2012, 12:01 a.m.

Campbell Soup Co. is closing two plants and cutting more than 700 jobs as it looks to trim costs amid declining consumption of its canned soups.

The world's largest soup maker said Thursday that it will close a plant in Sacramento that has about 700 workers. The plant, which makes soups, sauces and beverages, was built in 1947 and is the company's oldest in the country.

Campbell plans to shutter a spice plant in South Plainfield, N.J. that has 27 employees. Production will be shifted to the company's other spice plant in Milwaukee. Annual savings are predicted to be about $30 million starting in fiscal 2016.

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