Expands Presence into Premium Soup Offerings
LAKE SUCCESS, New York,
April 28, 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 the purchase through its wholly-owned
subsidiary Hain Frozen Foods UK Limited of The Yorkshire Provender
Limited ("Yorkshire Provender"). Yorkshire Provender, founded
in 2007, is based in North Yorkshire,
England, and produces premium branded soup. Its
products are sold in leading retailers, on-the-go food outlets and
food service providers in the United
Kingdom.
"We are excited for the opportunity to expand our soup range
into premium offerings with the acquisition of Yorkshire Provender,
which complements our New Covent Garden Soup Co.® and Cully &
Sully® ranges of fresh soups," said James
Skidmore, Chief Executive Officer of The Hain Daniels
Group. "It is a pleasure to welcome the Yorkshire Provender
team to our organization, and we look forward to working with
Belinda and Terry Williams,
co-founders of Yorkshire Provender, as we embark on the brand's
next stage of growth. We are pleased to now offer Yorkshire
Provender's gluten-free, delicious premium recipes and flavors and
look to expand their distribution range in the United Kingdom and in Europe."
"This is a significant milestone for Yorkshire Provender,"
commented Belinda Williams. "We look
forward to working with the Hain Daniels team to continue the
growth of our delicious soups in new and existing customers."
Yorkshire Provender will continue to operate from its
Yorkshire location. 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 as the Company works with the combined
infrastructures to drive future growth.
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.®, Yorkshire Provender™, 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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