Food & Beverage M&A » By The Online Investor Staff, updated Mon., Mar. 8, 1:32 PM
Recent mergers and acquisitions in the Food & Beverage M&A category.
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Slide #5. The Hain Celestial Group, Inc. — Rudi's Organic Bakery, Inc.
Acquirer:
The Hain Celestial Group, Inc. (NASDAQ:HAIN)
Acquiree:
Rudi's Organic Bakery, Inc.
Details:
The Hain Celestial Group, Inc. (NASDAQ: HAIN), a leading organic and natural products company providing consumers with A Healthier Way of Life, today announced the acquisition of Rudi's Organic Bakery, Inc. ("Rudi's"), a leading organic and gluten-free company with facilities in Boulder, Colorado. Under the Rudi's Organic Bakery and Rudi's Gluten-Free Bakery brands, Rudi's offers a range of approximately 60 products including USDA-certified organic breads, buns, bagels, tortillas, wraps and soft pretzels and GFCO-certified natural breads, buns, pizza crusts, tortillas, snack bars and stuffing in the United States and Canada.
Hain Celestial Group manufactures, markets, distributes and sells organic and natural products. Co. sells products in the following categories: Tea, which include varieties of herbal, green, black, wellness, rooibos and chai tea; Snacks, which include a variety of potato, root vegetable and other vegetable chips, straws, tortilla chips, whole grain chips, pita chips and puffs; Personal care, which cover a variety of personal care categories including skin, hair and oral care, deodorants, baby care items, body washes, sunscreens and lotions; and Grocery, which include infant formula, infant, toddler and kids' foods, plant-based beverages and frozen desserts, and condiments.
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Avg. Broker Rec.
 
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Buy (3.40 out of 4) 52nd percentile
(ranked higher than approx. 52% of all stocks covered)
Analysts' Target Price: HAIN Stock Forecast Based on Zacks ABR data; powered by Xignite |
