🠈 Hain Celestial Group 🠊
Hain Celestial Group
Hain Celestial Group markets and distribute brands in the lucrative health foods category.
Hain Celestial Group
Hain was a producer of health foods until a private equity firm by George Soros bought into the firm with the vision of creating a single source that dominated the production and distribution of health foods.
- 1926: Harold Hain, of in Stockton, Ca, founded a company with an interest in marketing carrot juice.
- 1981: Ogden Corp. acquired Hain.
- 1986: IC Industries Inc. acquired Hain and merged it with a subsidiary called Pet, Inc.. ("Illinois Central Industries" was a holding company for Illinois Central Railroad)
- 198?: IC Industries changed its name to Whitman Corp..
- 1991: Whitman spun off Pet.
- 1994: Kineret Acquisition Corp., based in Jericho, New York, acquired Hain for $22 million.
- 1994: Kineret moved to Uniondale and changed its name to Hain Food Group.
- 1995: Hain Food Group acquired Estee Corp. which was losing money selling sugar-free and low-sodium products.
- 1996: Hain acquired Growing Healthy Inc. which made baby food.
- 1996: Hain acquired Harry's Premium Snacks which made potato chips and pretzels.
- 1997: Hain held a secondary IPO.
- 1997: Soros Fund Management, by billionaire George Soros, bought a 16 percent stake in the firm.
- 1997: Hain reached an agreement to manufacture and market food for Weight Watchers Gourmet Food Co. for H.J. Heinz Co.
- 1997: Hain acquired Westsoy which makes soy based products.
- 198?: Two students at UC Davis bought a market to sell natural products including their mix of soy-based products.
- 2019: Hain divested the tofu and tempa assets of Westsoy.
- 1997: Hain acquired Westbrae Natural, Inc..
- 1998: Hain acquired the companies Arrowhead Mills Inc., DeBoles Nutritional Foods Inc., Dana Alexander Inc., and Garden of Eatin' Inc. from Shansby Corp.
- 1998: Hain bought Nile Spice, which made soup cups, from The Quaker Oats Company.
- 1999: Hain acquired Natural Nutrition Group, Inc. which had the brands Health Valley, Breadshop's and Sahara.
- 2000: Hain acquired Celestial Seasonings.
- 2003: Hain acquired Imagine Foods which makes Rice Dream and Soy Dream.
- 2006: Hain acquired Linda McCartney Foods from H.J. Heinz Company. This is a brand of organic foods developed by Linda McCartney who married Paul McCartney of the Beattles.
- 2006: Hain acquired Haldane Foods Limited from Archer Daniels Midland Company Haldane included the Realeat brand of frozen foods and mixes.
- 2007: Hain and Pegasus Capital Partners acquired Plainsville Turkey Farm.
- 2019: Hain sold Plainsville Farms to Plainville Brands, LLC..
- 2014: Hains acquired Tilda® which made basmati rice
- 1972: Tilda was founded in Spain to market basmati rice.
- 2019: EBRO Foods acquired Tilda $342 million in cash.
- 2016: Hain suffered a $65 million loss and began reorganizing.
- 2017: Hain acquired Clarks UK Ltd. The Natural Sweeteners Company™ which makes a sweetener from natural sources.
- 2018: Hain and Giuliana Rancic launched The Fountain of Truth line of natural skincare products.
- 2019: Keystone Natural Holdings acquired the Westsoy tofu, seitan, and tempeh businesses from Hain.
- 2019: Hain sold the Hain Pure Protein Corporation which held the FreeBird™ and Empire® Kosher brands to Aterian Investment Partners for $80 million.
References:
- Reference for Business - Hain (Drawn 9/18/2019)
- Newsday - Hain (Drawn 9/18/2019)
- Food Ingredients First - Hain Set to Acquire Linda McCartney (Drawn 11/11/2019) 2458745
- Natural Products Insider - Hain Acquires Imagine (Drawn 9/18/2019)
- Keystone - Westsoy Acquisition (Drawn 9/18/2019)
- New Hope - Hain acquires Haldane (Drawn 9/18/2019)
- Refrigerated Transporter - Hain acquires Plainsville (Drawn 9/18/2019)
- PR Newswire - The Fountain of Truth (Drawn 9/18/2019)