The Hain Celestial Group, which recently merged to form the leading US natural and organic food company, today announced plans to reorganize. The reorganization creates a stronger combined company by optimizing synergies, reducing investment in certain businesses and consolidating some functions to ensure the long-term health of the new Hain Celestial Group.
The Hain Celestial Group headquarters is located in Uniondale, NY. Celestial Seasonings, a wholly owned subsidiary of The Hain Celestial Group, will remain in Boulder, CO, in its entirety, including management and manufacturing. In addition, Grocery Sales, Category Management, Creative Services, and Manufacturing for the combined companies will be managed out of the Boulder, CO, offices.
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These changes have resulted in the elimination of 18 positions at Celestial Seasonings, or 5% of the Boulder workforce. Job-eliminated employees will receive severance pay and outplacement assistance, in addition to access to the Employee Assistance Program (EAP).
The Hain Celestial Group expects that these will be the primary merger-related organizational changes in Boulder. The revised structure reinforces the company’s commitment to long-term growth and creates new opportunities for shareholders, customers and employees.
The Hain Celestial Group, headquartered in Uniondale, NY, is a natural, specialty and snack food company. The Company is a leader in 13 of the top 15 natural food categories, with such well-known natural food brands as Celestial Seasonings teas, including Sleepytime®, Lemon Zinger®, Red Zinger®, and Tension Tamer® varieties, Hain Pure Foods®, Westbrae®, Westsoy®, Arrowhead Mills®, Health Valley®, Breadshop’s®, Casbah®, Garden of Eatin®, Terra Chips®, DeBoles®, Earth’s Best®, and Nile Spice. The Company’s principal specialty product lines include Hollywood® cooking oils, Estee® sugar-free products, Weight Watchers® dry and refrigerated products, Kineret® kosher foods, Boston Better Snacks®, and Alba Foods®. The Hain Celestial Group’s website is www.hain-celestial.com.
Statements made in this Press Release that state the intentions, beliefs, expectations or predictions of The Hain Celestial Group and its management for the future are forward-looking statements. It is important to note that actual results could differ materially from those projected in such forward-looking statements. Information concerning factors that could cause actual results to differ materially from those in forward-looking statements is contained from time to time in filings of The Hain Celestial Group with the U.S. Securities and Exchange Commission. Copies of these filings may be obtained by contacting The Hain Celestial Group or the SEC.
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