Hain Celestial Makes Strategic Acquisition
The Hain Celestial Group, the US-based organic and natural products company with operations in North America, Europe and India, has announced that one of its wholly-owned subsidiaries has entered into a definitive agreement to purchase Yorkshire Provender. Founded in 2007, Yorkshire Provender 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 UK.
“Yorkshire Provender has a premium brand positioning that complements our New Covent Garden Soup Co and Cully & Sully brands in theUnited Kingdom,” says Irwin D Simon, founder, president and chief executive of Hain Celestial.
Yorkshire Provender will continue to operate from its Yorkshire location. In 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 deal is subject to formal clearance from the Competition and Markets Authority in the United Kingdom.
