Business
Hain Celestial Completes Strategic Sales of the Casbah® and Europe's Best® Brands
Company Continues to Execute on Transformational Strategic Plan LAKE SUCCESS, N.Y., March 18, 2020 /PRNewswire/ -- The Hain Celestial Group, Inc. (Nasdaq:
About this update from The Hain Celestial Group, Inc.
[{"type":"text","content":"Company Continues to Execute on Transformational Strategic Plan\n\n\nLAKE SUCCESS, N.Y., March 18, 2020 /PRNewswire/ -- The Hain Celestial Group, Inc. (Nasdaq: HAIN) (\"Hain Celestial\" or the \"Company\"), a leading organic and natural products company with operations in North America, Europe, Asia and the Middle East providing consumers with A Healthier Way of Life™, today announced that it has completed divestitures of the Casbah® and Europe's Best® brands to U.S. Durum and Nature's Touch Frozen Foods, respectively. Details of these transactions were not disclosed. \nMark L. Schiller, Hain Celestial's President and Chief Executive Officer, commented, \"These two Canadian strategic brand divestitures represent another important step in the execution of our transformational strategic plan by further simplifying the portfolio and organization and improving our margins and cash flow. The transactions allow us to focus more resources against fewer, bigger opportunities which will drive our long term financial performance.\"\nAbout 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, Asia and the Middle East. Hain Celestial participates in many natural categories with well-known brands that include Almond Dream®, Bearitos®, Better Bean®, BluePrint®, Celestial Seasonings®, Clarks™, Coconut Dream®, Cully & Sully®, Danival®, DeBoles®, Earth's Best®, Ella's Kitchen®, Farmhouse Fare™, Frank Cooper's®, Gale's®, Garden of Eatin'®, GG UniqueFiber™, Hain Pure Foods®, Hartley's®, Health Valley®, Imagine™, Johnson's Juice Co.™, Joya®, Lima®, Linda McCartney® (under license), MaraNatha®, Mary Berry (under license), Natumi®, New Covent Garden Soup Co.®, Orchard House®, Rice Dream®, Robertson's®, Rudi's Gluten-Free Bakery™, Rudi's Organic Bakery®, Sensible Portions®, Spectrum® Organics, Soy Dream®, Sun-Pat®, Sunripe®, Terra®, The Greek Gods®, Walnut Acres®, Yorkshire Provender®, Yves Veggie Cuisine® and William's™. The Company's personal care products are marketed under the Alba Botanica®, Avalon Organics®, Earth's Best®, JASON®, Live Clean® and Queen Helene® brands.\nSafe Harbor StatementCertain statements contained in this press release constitute \"forward-looking statements\" within the meaning of f...