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The Spanish group is shifting from a centralised set-up to five independent business units, under the tutelage of CEO César Vargas.
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Campbell’s said that the Hyannis site “no longer makes economic sense for the business”.
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The UK-based business said the new capital will be used to “accelerate marketing, expand retail distribution and grow inventories”.
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Hungary’s Ministry of National Economy rejected the proposal citing “identified national economic and sectoral risks”.
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The initial hype and the vast sums of money thrown at the sector have dissipated but that’s not to say the long-term potential, and interest, in the category has disappeared.
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The closure of the Mölndal factory in Sweden would affect all 86 employees at the site.
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The US giant is making changes to the way it distributes products in the European country and axed staff last year.
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The UK-based private-label protein supplier said in a trading update today (29 January) it is "cautious" on the 2026 outlook.
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