UK/US/SINGAPORE: Hain linked to Daniels Group sale
By Sam Webb | 10 October 2011
 |
Daniels Group, which produces New Covent Garden Co. soup, may be sold to Hains Celestial |
Hain Celestial, a US maker of organic foods, is reportedly in talks to buy UK chilled foods firm Daniels Group.
Last week, Singapore Airport Terminal Services (SATS), the owner of Daniels Group, which produces the New Covent Garden Soup Co. range, confirmed it was in negotiations to sell the company.
On Friday (7 October), Sky News said Hain Celestial was in "detailed talks" to buy Daniels Group.
A spokesperson for Hain Celestial today (10 October) declined to confirm or deny the report. "It's not out policy to comment on rumours," she said.
Daniels Group is being sold for approximately GBP150m (US$233m) by SATS, although the company said it would keep hold of the firm if a sale does not materialise.
Last week, Hain Celestial's Canadian subsidiary acquired the Europe's Best vegetable brand from US food group JM Smucker.
Sectors: Chilled foods, Mergers & acquisitions, Natural & organic
Companies: Daniels Group, Hain Celestial, JM Smucker
View next/previous articles
10 Oct 2011 -
Currently reading -
UK/US/SINGAPORE: Hain linked to Daniels Group sale
10 Oct 2011 -
Related research
Food Allergy and Intolerance Products
This report analyzes the worldwide markets for Food Allergy and Intolerance Products in US$ Million by the following product segments: Gluten-free, and Others. The report provides separate comprehensive analytics for the US, Europe, and Rest of World...
This report analyzes the worldwide markets for Soy Foods in US$ Million by the following product segments: Soy Foods, Soy Ingredients, and Soy Oil. The report provides separate comprehensive analytics for the US, Canada, Japan, Europe, Asia-Pacific, ...
Baby Food in Canada industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2006-10, and forecast to 2015). The profile also contains descriptions of the leading playe...
Related articles
Promo Tracker: Ocado leads promo battle in February
Discounts at Ocado offered UK consumers the largest savings in February, according to the latest data from the just-food Promo Tracker, as the promotional fight between the country's food retailers resumed in earnest.
There are currently no comments on this article
Be the first to comment on this article