LAKE SUCCESS, N.Y.,
Feb. 16, 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™, today announced that one of its wholly-owned subsidiaries
has entered into a definitive agreement to purchase The Yorkshire
Provender Limited ("Yorkshire Provender"), which is subject to
formal clearance from the Competition and Markets Authority in the
United Kingdom. Yorkshire Provender, founded in 2007, is
based in North Yorkshire, England,
and produces premium branded soup and its products are sold in
leading retailers, on-the-go food outlets and food service
providers in the United
Kingdom.
"We welcome Belinda and Terry
Williams, co-founders of Yorkshire Provender, to the Hain
Celestial family and look forward to working with the Yorkshire
Provender team in leading the next chapter of the brand's
development," said Irwin D. Simon,
Founder, President and Chief Executive Officer of Hain Celestial.
"Yorkshire Provender has a premium brand positioning that
complements our New Covent Garden Soup Co.® and Cully & Sully®
brands in the United Kingdom."
"We are excited to work together with the Yorkshire
Provender team and leverage our combined infrastructures to drive
future growth," said James Skidmore,
Chief Executive Officer of the Hain Daniels Group. "This
transaction expands the depth of our soup offering with Yorkshire
Provender's gluten-free, delicious premium recipes and
flavors."
Yorkshire Provender will continue to operate from its
Yorkshire location. "This is a
significant milestone for Yorkshire Provender and we look forward
to working with the Hain Daniels team to continue our
growth in new and existing customers," said Belinda Williams.
In calendar year 2016 Yorkshire Provender had approximately £6
million in net sales and is expected to be accretive to Hain
Celestial's earnings in fiscal year 2018.
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.
Safe Harbor Statement
Certain statements contained in
this press release constitute "forward-looking statements" under
the Private Securities Litigation Reform Act of 1995. Words
such as "plan," "continue," "expect," "expected," "anticipate,"
"intend", "estimate," "believe," "seek", "may," "potential," "can,"
"positioned," "should," "future," and similar expressions, or the
negative of those expressions, may identify forward-looking
statements. These forward-looking statements include the
Company's beliefs or expectations relating to (i) accretion and
(ii) the growth and development of the Yorkshire Provender business
and distribution opportunities. Such forward-looking
statements involve known and unknown risks, uncertainties, and
other factors which may cause the Company's actual results, levels
of activity, performance or achievements of the Company, or
industry results, to be materially different from any future
results, levels of activity, performance or achievements expressed
or implied by such forward-looking statements. As a result of
the foregoing and other factors, no assurance can be given as to
future results, levels of activity and achievements 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.