LAKE SUCCESS, N.Y.,
Jan. 20, 2017 /PRNewswire/
-- The Hain Celestial Group, Inc. (Nasdaq: HAIN), a leading
organic and natural products company with operations in
North America, Europe and India providing consumers with A Healthier Way
of Life™, announced today the establishment of a strategic joint
venture between Future Consumer Limited ("FCL") (BSE: 533400;
NSE: FCONSUMER) and Hain Tilda India Private Limited ("Hain
Tilda") with the objective to pursue joint interests in food
marketing and development in India. FCL is the Food and FMCG
arm of Future Group, one of India's retail pioneers with multiple retail
formats, that aims to build quality consumer products for the next
generation of Indian consumers.
"We are pleased to expand our presence in India with the Future Group," commented
Irwin D. Simon, Founder, President
and Chief Executive Officer of Hain Celestial. "Rajnish Ohri, our Managing Director in
India, and his team will work
together with Future Group to provide us with an opportunity to
grow distribution of Hain Celestial's brands and products
throughout India with its growing
population and our focus on families in a more meaningful
way."
"Hain Celestial is one of the most respected companies in the
organic and natural segment, and we are excited to establish this
partnership with Hain Tilda in India. Together, we will be able to provide
Indian consumers with products that set the standards for good
taste and are healthful too," said Kishore
Biyani, Group Chief Executive Officer, Future Group.
The purpose of the joint venture is to manufacture, market and
distribute better-for-you natural and organic products in various
categories including snacks, plant-based beverages and toddler and
kids food products under various Hain Celestial brands including
Terra®, Garden of Eatin'®, Sensible Portions®, Dream™ and Earth's
Best®. Hain Tilda will continue to market and distribute products
under the Tilda® brand.
The Hain Celestial Group, Inc.
The Hain Celestial
Group (Nasdaq: HAIN), headquartered in Lake Success, NY, is a leading organic and
natural products company with operations in North America, Europe and India. Hain Celestial participates in many
natural categories with well-known brands that include Celestial
Seasonings®, Earth's Best®, Ella's Kitchen®, Terra®, Garden of
Eatin'®, Sensible Portions®, Health Valley®, Arrowhead Mills®,
MaraNatha®, SunSpire®, DeBoles®, Casbah®, Rudi's Organic Bakery®,
Hain Pure Foods®, Spectrum®, Spectrum Essentials®, Imagine®, Almond
Dream®, Rice Dream®, Soy Dream®, WestSoy®, The Greek Gods®,
BluePrint®, FreeBird®, Plainville Farms®, Empire®, Kosher Valley®,
Yves Veggie Cuisine®, Europe's
Best®, Cully & Sully®, New Covent Garden Soup Co.®, Johnson's
Juice Co.®, Farmhouse Fare®, Hartley's®, Sun-Pat®, Gale's®,
Robertson's®, Frank Cooper's®, Linda
McCartney®, Lima®, Danival®, Happy®, Joya®, Natumi®, GG
UniqueFiber®, Tilda®, JASON®, Avalon Organics®, Alba Botanica®,
Live Clean® and Queen Helene®. Hain Celestial has been
providing A Healthier Way of Life™ since 1993. For more
information, visit www.hain.com.
Future Consumer Limited
Future Consumer Limited
(FCL), a part of the Future Group, based in Mumbai, India, which operates in the Food and
Fast Moving Consumer Goods (FMCG) space with 27 brands in over 65
categories. FCL is constantly expanding its already existing vast
portfolio of established Food & FMCG brands. Currently it
caters to various categories such as Basic Foods, Ready to Eat
Meals, Snacks, Beverages, Personal Hygiene Care and Home Care. FCL
has also set up India Food Park at Tumkur, Karnataka in partnership
with the Ministry of Food Processing Industries, Government of
India. Spread in 110 acres of
land, this state-of-the-art food park facilitates end-to-end food
processing along the value chain (grading, sorting, pulping,
packaging & distribution) from the farm to the market.
Safe Harbor Statement
Certain statements contained in
this press release constitute "forward-looking statements" within
the meaning of the Private Securities Litigation Reform Act of
1995. Forward-looking statements are predictions based on
expectations and projections about future events, and are not
statements of historical fact. You can identify forward-looking
statements by the use of forward-looking terminology such as
"plan", "continue", "expect", "anticipate", "intend", "predict",
"project", "estimate", "likely", "believe", "might", "seek", "may",
"remain", "potential", "can", "should", "could", "future" and
similar expressions, or the negative of those expressions. These
forward-looking statements include the Company's beliefs or
expectations relating to expansion of its brands and products
throughout India. Such
forward-looking statements involve known and unknown risks,
uncertainties, and other factors which may cause the actual results
to be materially different from any future results expressed or
implied by such forward-looking statements. As a result of the
foregoing and other factors, no assurance can be given as to the
future results, levels of activity and achievements of the Company,
and neither the Company nor any person assumes responsibility for
the accuracy and completeness of these statements.
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SOURCE The Hain Celestial Group, Inc.