{"id":36614,"date":"2012-10-29T10:10:00","date_gmt":"2012-10-29T10:10:00","guid":{"rendered":"https:\/\/www2.thestockmarketwatch.com\/stock-market-news\/hain-celestial-hain-strategic-acquisition-in-the-united-kingdom\/36614\/"},"modified":"2012-10-29T10:10:00","modified_gmt":"2012-10-29T10:10:00","slug":"hain-celestial-hain-strategic-acquisition-in-the-united-kingdom","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/hain-celestial-hain-strategic-acquisition-in-the-united-kingdom\/36614\/","title":{"rendered":"Hain Celestial &#8211; HAIN &#8211; Strategic Acquisition In The United Kingdom"},"content":{"rendered":"<p><script type=\"text\/javascript\"><!--\ngoogle_ad_client = \"ca-pub-1408583772585547\";\n\/* SMW - News Links *\/\ngoogle_ad_slot = \"3490797620\";\ngoogle_ad_width = 468;\ngoogle_ad_height = 15;\n\/\/-->\n<\/script><br \/>\n<script type=\"text\/javascript\" src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script><\/p>\n<p><strong><a href=\"https:\/\/thestockmarketwatch.com\/stock.aspx?stock=HAIN\">NASDAQ:\u00a0 HAIN<\/a>)<\/strong>, a leading natural and organic products company providing consumers with <strong>A Healthy Way of Life\u2122<\/strong>, announced the closing of the acquisition of Premier Foods plc&#8217;s portfolio of market-leading packaged grocery brands including Hartley&#8217;s\u00ae, Sun\u2013Pat\u00ae, Gale&#8217;s\u00ae, Robertson&#8217;s\u00ae, and Frank Cooper&#8217;s\u00ae\u2014with peanut butter, honey, jams, fruit and jelly, marmalade and chocolate product offerings\u2014along with its Histon manufacturing base in Cambridgeshire, United Kingdom.<\/p>\n<ul>\n<li>Acquires Market-Leading Brands Including Hartley&#8217;s\u00ae And Sun-Pat\u00ae<\/li>\n<li>Provides Entry Into Ambient Grocery Categories<\/li>\n<li>$0.25 Per Share Accretion Expected In Fiscal Year 2013<\/li>\n<\/ul>\n<p>The acquisition is expected to be accretive to Hain Celestial&#8217;s earnings beginning with the second quarter of fiscal year 2013.\u00a0 The Company estimates that net sales during the eight month period from closing to June 30, 2013 will approximate $180 million with accretion in earnings per diluted share during that period approximating $0.25 before acquisition related charges. \u00a0Consideration consisted of \u00a3170 million in cash and 836,426 shares of Hain Celestial common stock.<\/p>\n<p>The business being acquired generated over $250 million in sales in its last fiscal year, of which approximately 60% were branded products, and will become part of the Hain Daniels Group.\u00a0 Hain Daniels Group, wholly owned by Hain Celestial, was established in October 2011 following the acquisition of The Daniels Group.\u00a0 Hain Daniels makes and sells fresh food and drinks in eight chilled and frozen food categories under leading brands including the New Covent Garden Soup Co.\u00ae, Johnson&#8217;s Juice Co.\u00ae, Linda McCartney\u00ae, Farmhouse Fare\u00ae and Lovetub\u00ae.<\/p>\n<p>&#8220;This acquisition furthers our goal to expand in the United Kingdom and positions the newly expanded Hain Daniels business in the top 40 of all food and beverage suppliers in the UK,&#8221; commented Irwin Simon, Founder, President and Chief Executive Officer of Hain Celestial.\u00a0 &#8220;We expect to leverage the loyal customer base from Hartley&#8217;s, Sun-Pat, Gale&#8217;s, Robertson&#8217;s, Frank Cooper&#8217;s and Rose&#8217;s with our existing global brands including Rice Dream\u00ae, Celestial Seasonings\u00ae, Earth&#8217;s Best\u00ae, Terra\u00ae Chips and Sensible Portions\u00ae in the United Kingdom marketplace.&#8221;<\/p>\n<p>&#8220;Our mission at Hain Daniels is to offer our customers and the consumer relevant, convenient, inspiring and innovative branded fruit and vegetable solutions for a wide variety of consumption occasions.\u00a0 We believe creating an Ambient Grocery Division through the acquisition and integration of these Premier Foods brands with its experienced workforce will strengthen this proposition,&#8221; added Rob Burnett, Chief Executive Officer, Hain Daniels.<\/p>\n<p>The Company will conduct a conference call on Thursday, November 1, 2012 at 4:30 PM Eastern Time to review its First Quarter Fiscal Year 2012 results, which will be released prior to the call.\u00a0 The Company expects to discuss the transaction at that time.<\/p>\n<p><strong>The Hain Celestial Group, Inc. &#8211; HAIN<\/strong><\/p>\n<p>The Hain Celestial Group (HAIN), headquartered in Melville, NY, is a leading natural and organic products company in North America and Europe. Hain Celestial participates in many natural categories with well-known brands that include Celestial Seasonings\u00ae, Earth&#8217;s Best\u00ae, Terra\u00ae, Garden of Eatin&#8217;\u00ae, Sensible Portions\u00ae, Health Valley\u00ae, Arrowhead Mills\u00ae, MaraNatha\u00ae, SunSpire\u00ae, DeBoles\u00ae, Gluten Free Caf\u00e9\u2122, Hain Pure Foods\u00ae, Hollywood\u00ae, Spectrum Naturals\u00ae, Spectrum Essentials\u00ae, Walnut Acres Organic\u00ae, Imagine\u00ae, Almond Dream\u00ae, Rice Dream\u00ae, Soy Dream\u00ae, WestSoy\u00ae, The Greek Gods\u00ae, Ethnic Gourmet\u00ae, Yves Veggie Cuisine\u00ae, Europe&#8217;s Best\u00ae, Cully &amp; Sully\u00ae, New Covent Garden Soup Co.\u00ae, Johnson&#8217;s Juice Co.\u00ae, Farmhouse Fare\u00ae, Hartley&#8217;s\u00ae, Sun\u2013Pat\u00ae, Gale&#8217;s\u00ae, Robertson&#8217;s\u00ae, Frank Cooper&#8217;s\u00ae, Linda McCartney\u00ae, Lima\u00ae, Danival\u00ae, GG UniqueFiber\u00ae, Natumi\u00ae, JASON\u00ae, Zia\u00ae Natural Skincare, Avalon Organics\u00ae, Alba Botanica\u00ae, Queen Helene\u00ae and Earth&#8217;s Best TenderCare\u00ae.\u00a0 Hain Celestial has been providing &#8220;A Healthy Way of Life\u2122&#8221; since 1993.<strong><\/strong><\/p>\n<div class=\"nr_clear\"><\/div>\n<div id=\"nrelate_popular_2\" class=\"nrelate nrelate_popular nrelate_default nr_1col nr_text\"><\/div>\n<p>\t<!--[if IE 6]>\n\t\t<script type=\"text\/javascript\">jQuery('.nrelate_default').removeClass('nrelate_default');<\/script>\n\t<![endif]--><\/p>\n<p>\t<script type=\"text\/javascript\">\n\t\/* <![CDATA[ *\/\n\t\tnRelate.domain = \"www2.thestockmarketwatch.com%2Fstock-market-news\";\n\t\tvar entity_decoded_nr_mp_url = jQuery('<span\/>').html(\"https:\/\/web.archive.org\/web\/20121031092358\/http:\/\/api.nrelate.com\/mpw_wp\/0.51.2\/?tag=nrelate_popular&domain=www2.thestockmarketwatch.com%2Fstock-market-news&url=http%3A%2F%2Fwww2.thestockmarketwatch.com%2Fstock-market-news%2Fhain-celestial-hain-strategic-acquisition-in-the-united-kingdom%2F36614&nr_div_number=2&maxageposts=7200&increment=1\").text();\n\t\tnRelate.getNrelatePosts(entity_decoded_nr_mp_url);\n\t\/* ]]&gt; *\/\n\t<\/script>\n\n\n<div class=\"nr_clear\"><\/div>\n\n\n\n\n<!-- AddThis Button BEGIN -->\n\n\n<div class=\"addthis_toolbox addthis_default_style addthis_32x32_style\">\n<a class=\"addthis_button_preferred_1\"><\/a>\n<a class=\"addthis_button_preferred_2\"><\/a>\n<a class=\"addthis_button_preferred_3\"><\/a>\n<a class=\"addthis_button_preferred_4\"><\/a>\n<a class=\"addthis_button_compact\"><\/a>\n<a class=\"addthis_counter addthis_bubble_style\"><\/a>\n<\/div>\n\n\n<script type=\"text\/javascript\">var addthis_config = {\"data_track_addressbar\":true};<\/script>\n<script type=\"text\/javascript\" src=\"http:\/\/s7.addthis.com\/js\/250\/addthis_widget.js#pubid=pennystocksfinder\"><\/script>\n<!-- AddThis Button END -->\n\n\n\n\n<p>More Posts by this author<\/p>\n\n\n\n<ul>\n\n\n\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/ford-motor-company-f-delivered-best-ever-third-quarter\/36673\">\nFord Motor Company &#8211; 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TYPE &#8211; Acquires Design By Front<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/the-spectranetics-spnc-fourth-consecutive-quarter-of-double-digit-revenue-growth\/36679\">\nThe Spectranetics &#8211; SPNC &#8211; Fourth consecutive quarter of double digit revenue growth<\/a><\/li>\n\n\n\n<\/ul>\n\n\n\n\n\n\n<hr>\n\n\n\n\n\n<table style=\"border:none;margin:0;\">\n\n\n<tr>\n\n\n<td style=\"padding:5px;vertical-align:top;\" valign=\"top\">\n<img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/web.archive.org\/web\/20121031092358im_\/http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/wp-content\/uploads\/userphoto\/5.jpg\" alt=\"edliston\" width=\"125\" height=\"125\" class=\"photo\"><\/td>\n\n\n\n\n<td style=\"padding:5px;vertical-align:top;\" valign=\"top\">\n\n\n<div style=\"font-size:11pt;\"><b>Post Written By: Ed Liston <\/b><\/div>\n\n\n\n\n<div style=\"font-size:10pt;\">\n\nEd Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.\n<\/div>\n\n\n<\/td>\n\n<\/tr>\n\n<\/table>\n\n\n\n\n\n\n<script type=\"text\/javascript\"><!--\ngoogle_ad_client = \"pub-1408583772585547\";\n\/* 336x280, created 7\/9\/11 *\/\ngoogle_ad_slot = \"3552319058\";\ngoogle_ad_width = 336;\ngoogle_ad_height = 280;\n\/\/-->\n<\/script>\n<script type=\"text\/javascript\" src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script>\n\n\t\t\t\t\t\t\n\n\t\n\n<div style=\"margin:5px;margin-bottom:20px;font-size:11pt;\">&laquo; <a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/\">Return to Stock Market News<\/a> &laquo; <\/div>\n\n\n<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NASDAQ:\u00a0 HAIN), a leading natural and organic products company providing consumers with A Healthy Way of Life\u2122, announced the closing 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