AFRICA'S NO.1 FOOD, BEVERAGE & MILLING INDUSTRY MAGAZINE

Global dairy alternatives market to surpass US$37.5bn by 2025

Apr 30, 2020Apr 30, 2020 Editor

WORLD – With the increasing shift in consumer preference for plant-based products, the global diary alternatives market is expected to chalk out remunerative growth trend through a diverse range of verticals. A recent market survey by Global Market Insights projects that the dairy alternative market size will expand significantly and exceed US$37.5 billion by 2025, benefiting from increased consumer demand of healthier offerings. In fact, Global Market Insights says that growing health consciousness, especially due to improved minerals and vitamins uptake is already catalysing the demand for flavored milk from…

Hain Celestial appoints Javier Idrovo as new chief financial officer

Nov 11, 2019Nov 11, 2019 Editor

USA – The American organic and natural products company, Hain Celestial has appointed Javier Idrovo as its new chief financial officer (CFO) and executive vice president, effective from 2 December. Idrovo will succeed James Langrock, who has served as the company’s CFO for the past several years. Langrock will remain at the Company through the end of the year to assist with the transition and support other Company initiatives. Idrovo brings with him an extensive background in corporate finance, strategy, and business development with nearly 30 years of executive leadership,…

Hain Celestial sells two US brands to Hometown Food for US$15m

Oct 9, 2019Oct 9, 2019 Editor

USA – The organic and natural products company, Hain Celestial has closed the sale of its Arrowhead Mills and SunSpire brands to Hometown Food Company in a US$15 million deal. The transaction includes the Arrowhead Mills manufacturing facility in Hereford, Texas and its employees. Arrowhead Mills makes a range of baking mixes, breakfast cereals and flours. Mark Schiller, Hain Celestial CEO said, “We are pleased to complete the strategic divestitures of the Arrowhead Mills and SunSpire brands, demonstrating the consistent execution of our stated transformational plan to reduce complexity and…

PE firm PIA Partners in talks to acquire Hain Celestial’s business in UK

Oct 7, 2019Oct 7, 2019 Editor

UK – PAI Partners, a Paris- based private equity investor in the food industry is said to be in discussions for a possible acquisition of Hain Daniels Group, the UK arm of American food group Hain Celestial, reports Sky News. Based in West Yorkshire Hain Daneils, is one of the largest food producers in the UK, and home to major brands including the Linda McCartney, Mary Berry dessert, New Covent Garden Soup Co and Sun Pat peanut butter. The company operates 12 sites across the country, employing about 2,800 people…

Hain Celestial sells Tilda rice brand to Spain’s Ebro Foods for US$342m

Aug 28, 2019Aug 28, 2019 Editor

USA – American food group, Hain Celestial has sold its Tilda rice brand to Spain based Ebro Foods for US$342 million, as it continues to simplify its portfolio of brands. Tilda will contribute approximately US$200 million to net sales and US$25 million to adjusted EBITDA for the fiscal year ended on 30 June, Hain said in a statement. Hain, a leading organic and natural products company with operations in North America, Europe, Asia and the Middle East said it expects to use a portion of the proceeds to pay down debt. The…

Hain Celestial appoints Seth Weis as Senior VP Business Development

May 29, 2019May 29, 2019 Editor

USA – The American organic and natural products company, Hain Celestial has appointed Seth Weis as the Senior Vice President of Business Development, effective immediately. Mr. Weis will be reporting directly to Hain Celestial’s President and Chief Executive Officer Mark L. Schiller. In this role, Mr. Weis will focus on the implementation of Hain Celestial’s business transformation strategy to simplify its product portfolio, strengthen capabilities, reinvigorate net sales growth in the United States, and expand margins and cash flow. Mr. Weis joins Hain Celestial from Treehouse Foods, Inc. where he…

Hain Celestial sells Pure Protein business to Aterian for US$80m

May 10, 2019May 10, 2019 Editor

USA – The American organic and natural products company, Hain Celestial has agreed to sell its Hain Pure Protein business to private equity Aterian Investment Partners III, LP for US$80 million. The transaction is subject to adjustments and expected to close before the end of the company’s fiscal year, June 30. The deal includes poultry-based brands FreeBird and Empire Kosher. “We are pleased to have entered into an agreement for the sale of our remaining Hain Pure Protein businesses,” said Mark L. Schiller, Hain Celestial’s President and Chief Executive Officer. …

Hain Celestial completes sale of WestSoy businesses to Keystone

May 7, 2019May 7, 2019 Editor

USA – New York based food company, Hain Celestial has announced that it has completed the sale of its WestSoy plant-based proteins business to Keystone Natural Holdings for an undisclosed amount. The divestiture includes the WestSoy brand of tofu, seitan and tempeh which will then be operated by Keystone Natural Holdings, a portfolio company of Keystone Capital focusing on plant-based food. The deal, however, does not include the WestSoy® plant-based beverage business, which has been retained by Hain Celestial. “We are pleased to complete the strategic divestiture of the WestSoy…

Hain Celestial appoints Mark Schiller as CEO to succeed founder Irwin Simon

Oct 31, 2018Oct 31, 2018 Editor

USA – Food and personal care focused group Hain Celestial has appointed Mark Schiller, former chief commercial officer at Pinnacle Foods as the company’s new Chief Executive effective November 5, 2018. He succeeds founder Irwin Simon to lead efforts in re-establishing the company’s leadership in natural and organic products segment and will be nominated as a director at the company’s annual meeting of shareholders Dec. 5. The company had in June announced that Irwin would be stepping down and become a non-executive chairman. Schiller has more than 25 years of executive…

Danone, Hain Celestial and other plant-based food companies form a plant-based organisation

Sep 25, 2018 Editor

CANADA – Danone, Hain Celestial and other plant-based food companies operating in Canada have formed the Plant-Based Foods of Canada (PBFA) lobbying organisation to advance the interests of the plant-based foods sector in the country. According to Danone, PFBA will work with governments to raise awareness of the emerging issues shaping this sector, in order to foster the growth of the sector and encourage innovation, in order to provide Canadian consumers with plant-based food choices which meet consumer expectations. Founding members of the organisation include Danone, Hain Celestial, Pinnacle Foods,…