Lake Success, NY—The Hain Celestial Group has completed the sale of Tilda, a premium basmati and specialty rice brand, to EBRO FOODS S.A. for a purchase price of $342 million in cash, according to a press release. The purchase price reflects an adjusted EBITDA multiple of 13.5x, based on estimated...
Lake Success, NY—Hain Celestial Group, Inc. today announced in a press release that it has completed the sale of all of its equity interest in Hain Pure Protein Corporation, including the FreeBird and Empire Kosher businesses, to Aterian Investment Partners for $80 million. Net proceeds from the sale will be...
Lake Success, NY—The Hain Celestial Group, Inc., has entered into a definitive agreement to sell its equity interest in Hain Pure Protein Corporation and has reported financial results for the third quarter ended March 31. The Pure Protein Corporation, which, according to a press release, includes the FreeBird and Empire...
Lake Success, NY—The Hain Celestial Group, Inc. announced in a press release that it has completed the divestiture of the WestSoy tofu, seitan and tempeh businesses to Keystone Natural Holdings. The WestSoy plant-based beverage business, however, was retained by Hain Celestial. The terms of the transaction were not disclosed. Mark...
Lake Success, NY—The Hain Celestial Group, Inc., announced in a press release that it has completed the sale of the Plainville Farms business to Plainville Brands, LLC. The press release notes that Plainville Farms, which sells organic turkey, did not contribute to earnings or cash flor in fiscal year 2018.
Lake Success, NY—The Hain Celestial Group, Inc. announced that the company will hold an Investor Day on Wednesday, February 27, 2019, according to a press release. The release said that management’s presentation will begin at 12:30 p.m. Eastern Time, followed by a Q&A. The webcast can be accessed here.
Lake Success, NY--Hain Celesital reported their financial results for the second quarter, which ended on December 31, 2018. The company bore yet another slow quarter, with decreases worldwide, according to a press release. In the U.S., net sales decreased 4% from the previous year to $259.2 million, the press release...
Lake Success, NY -- Hain Celestial reported its earnings for the first quarter of their 2019 fiscal year, just three days after Mark Schiller became president and CEO. The company predicted a slow first quarter, and they got it: consolidated net sales decreased 5%, although when adjusted for constant currency,...
LAKE SUCCESS, NY -- The Hain Celestial Group, Inc. has found its successor to founder president and CEO Irwin D. Simon, naming veteran consumer packaged foods executive Mark L. Schiller as the company's new president and CEO, effective Nov. 5. Schiller (shown here) brings more than 25 years of executive...
Lake Success, N.Y. — Hain Celestial Group reported a net loss of $69.9 million for the quarter ended June 30 and attributed it to the plans to sell its Hain Pure Protein product line. The company also reported it’s “highly pleased” with its search for a replacement CEO to company founder...
