Hain Celestial has sold the organic producer of non-dairy beverages, canned beans and soups for an undisclosed amount.
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Hain Celestial has sold the organic producer of non-dairy beverages, canned beans and soups for an undisclosed amount.
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As part of its divesture strategy, Hain Celestial sold Rudi’s Organic Bakery to an affiliate of Promise Gluten Free.
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Hometown Foods, created last year by private equity firm Brynwood Partners, closed Monday on a $15 million deal to buy Arrowhead and SunSpire from New York-based Hain Celestial.
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The Cornucopia Institute sent a formal request to antitrust regulators asking them to scrutinize the sale of Hain Celestial’s organic/natural poultry division, claiming that, depending on who acquires it, the effect could harm competition in the already highly concentrated organic poultry sector.
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On CNBC, Hain Celestial CEO Irwin Simon said that despite the price cuts, his company’s sales to Whole Foods are increasing dramatically.
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According to Irwin Simon, founder and CEO of Hain Celestial, the company cannot find a buyer because it acquired too many brands.
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Hain Celestial has acquired the British maple syrup and natural sweetener company Clarks UK Ltd. Terms were not disclosed.
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It has been reported that Nestle is one of several suitors who may make a bid for natural & organic food company Hain Celestial.
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An inside look at Cultivate Ventures, the venture arm of Hain Celestial.
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Activist investors agitating for change at organic food companies seems to be a trend these days. This time, Engaged Capital is pushing for change at Hain Celestial.
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The world’s most famous arena, Madison Square Garden, just announced that Hain Celestial will now have its own concession stand, selling organic, natural and gluten-free products.
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Hain Celestial has just agreed to a joint venture with India-based Future Group and intends to market its natural & organic products in that country. Expect to see brands such as Terra, Garden of Eatin’, Sensible Portions, Dream and Earth’s Best in India sometime soon.
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