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October 4, 2019

PAI Partners ‘in talks to buy Hain Celestial UK arm’

Hain Daniels, the UK-based arm of US food group Hain Celestial, is reportedly being eyed by a major private-equity investor in the food industry.

By Dean Best

Hain Daniels, the UK-based arm of US food group Hain Celestial, is reportedly being eyed by a major private-equity investor in the food industry.

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UK broadcaster Sky News has reported PAI Partners – which has just taken part in the takeover of Dutch food company Wessanen – has been in talks about a takeover of Hain Daniels for several weeks.

The report, published yesterday (3 October), said it was unclear at the time of writing how likely it was a deal for the Hartley’s jam and Linda McCartney veggie food business would proceed.

Approached by just-food, a spokesperson for PAI Partners – the private-equity house that also co-owns the Froneri ice-cream business with Nestlé – refused to be drawn on the report.

“We’re not confirming it, we’re not denying it, we’re not commenting – we never do on speculation,” the spokesperson said.

Officials for Hain Celestial in the New York state could not be reached outside of normal office at hours at the time of writing.

Hain Celestial has built its presence in the UK through organic growth and acquisitions over the last 13 years, first crossing the Atlantic in 2006 and buying a fresh, prepared foods business from the then H.J. Heinz.

The US group made two more acquisitions in the UK, snapping up the Linda McCartney brand and a wider meat-free business from Heinz, as well as meat-free and non-dairy beverage business Haldane Foods from Archer Daniels Midland.

Hain Celestial’s notable UK acquisitions have included the 2011 purchase of UK chilled foods firm Daniels Group, which included the New Covent Garden Soup Co. brand and which prompted the company to rename its business in the market Hain Daniels.

In August 2012, Hain Celestial bought a slate of brands including Hartley’s jam and Sun-Pat peanut butter from Premier Foods plc and followed that deal in 2013 with the acquisition of organic baby food firm Ella’s Kitchen.

In 2014, Hain Celestial also acquired UK-based packaged rice business Tilda. Last month, the company agreed to sell Tilda to Spain-based Ebro Foods.

According to the Hain Daniels website, the company has 12 sites in the UK and employs around 2,800 staff.

In the face of growing competition in the US, Hain Celestial has, in recent years, increasingly talked of a need to “simplify” a portfolio built through acquisitions over the last couple of decades in order to accelerate sales from brands that stay within the business and improve the company’s profitability.

Those moves were started under founder –  and now former CEO –  Irwin Simon in 2016. Last summer, Simon stepped down as CEO, with current chief executive Mark Schiller – a former PepsiCo and Pinnacle Foods executive – joining last November.

Schiller has continued with plans to trim the Hain portfolio, with a focus on profitable growth. And, as well as pruning SKUs, the company has offloaded assets, selling its meats division in February and finding a buyer for a tofu business in May.

Related Companies

Free Whitepaper
img

What is the impact of historically high inflation on the UK consumer landscape?

The average UK consumer is experiencing a severe cost-of living crisis as inflation surges to a forty-year high and the price of goods continues to rise. This shock is the result of the sharply increasing costs of commodities, energy, and the ongoing conflict in Ukraine, and is threatening FMCG manufacturers, retailers, and foodservice operators’ ability to survive and grow. Inflation will have a profound effect on many consumer-facing industries in 2022 and beyond. Consult GlobalData’s new whitepaper, Inflation in the UK: The Impact of Historically High Inflation on the UK Consumer Landscape, to better understand shifts in consumer behavior and their impact on spending patterns, as well as the implications for UK businesses. This whitepaper covers:  
  • Why has global inflation returned with a vengeance?
  • What is the current inflation situation in the UK?
  • What impact is inflation having on UK retail sales?
  • What tactics are businesses relying on to tackle the effects of high inflation?
  • How are consumers changing their behaviors to cope with the higher cost of living?
  • Which industry sectors are most vulnerable to reduced consumer demand?
  • How is the government responding to high inflation?
  • How long will high inflation last in the UK?
  • How can your company survive and thrive in a high inflation environment?
Enter your details here to receive your free whitepaper and ready your business for these increasingly uncertain times.
by GD50 Custom
Enter your details here to receive your free Whitepaper.

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