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Hain Celestial Buys Churchill Food Products

by kamcity.com - 18/06/2010

Hain Celestial Buys Churchill Food Products

"The Hain Celestial Group, a leading natural and organic products company in the US, has announced the acquisition of Churchill Food Products Limited."

The manufacturer and distributor of food-to-go products in the UK, for an undisclosed amount. Located in Nottingham, Churchill’s production is expected to complement Hain Celestial’s existing Daily Bread brand.

"The addition of Churchill's expands our customer base for food-to-go offerings in the UK," said Irwin D. Simon, President and Chief Executive Officer of Hain Celestial. "We view this as a strategic acquisition to broaden our customer base and our Daily Bread branded products. Our combined technical and innovation teams will bring us the capability of developing more exciting and healthy food-to-go products."

"I am very excited to be joining the Daily Bread senior management team. I believe that this initiative will enable us to provide a more robust, progressive and innovative business, and I am also proud to be working with the UK's greenest food producer," said Tony Pritchard, Managing Director of Churchill Food Products Limited.

The group said that a strategic review of the two businesses will begin with the goal of maximizing synergies. Consultations with employees will take place regarding any proposed plans developed during the strategic review.

Earlier this week Hain Celestial said it is acquiring World Gourmet Marketing, the maker of Sensible Portions and other food products. Terms of that deal were also not disclosed.

More Details: http://www.kamcity.com/namnews/asp/newsarticle.asp?newsid=54342