Blog: Hain Celestial's new challenge in the UK
Dean Best | 25 October 2011
Hain Celestial today (25 October) confirmed speculation that it could buy UK chilled foods firm Daniels Group by announcing a US$230m deal for the New Covent Garden soup maker.
The US company has added New Covent Garden and desserts brand Farmhouse Fare to a product line-up that includes the Linda McCartney meat-free range.
In typically confident fashion, Hain Celestial president and CEO Irwin Simon said the acquisition would create a "powerhouse" in the UK chilled and frozen food sector.
Certainly, New Covent Garden is a well-known brand of chilled soups but it has faced some tough competition and was relaunched two months ago in a bid to revitalise sales.
The likes of Tesco and Morrisons have also recently revamped their own-label chilled soup ranges and the category can be driven by promotions.
Hain Celestial, which has had an up-and-down time in the UK, could have another challenge on its hands.
Danone completed its US$12.5bn acquisition of WhiteWave Foods this week. The move will roughly double Danone's presence in North America, where WhiteWave is a top four dairy player. ...
Premier Foods plc revealed today (28 March) it has secured a deal with its pension scheme trustees that will see the UK food maker reduce its pension burden....
Hain Celestial, under the scrutiny of the investment community in recent months and facing some challenges in its domestic market, has announced another shuffling of its management pack....
FrieslandCampina, which today served up higher profits but lower sales for 2016, is ready to offload the last non-dairy business owned by the Dutch cooperative giant....
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