Related Searches: Tea Vitamin Nutrients Ingredients paper cup packing

Food & Health Ingredients
Health & Nutrition
Processing & Packaging
Starch & Starch Derivatives

Hain Celestial Sells Two More Tangential Brands

foodprocessing 2020-04-02
Share       

Hain Celestial Group in March completed two more divestitures, both Canadian brands, in its effort to trim down and focus.

The Casbah brand of vegetarian prepared food mixes was sold to U.S. Durum, a maker of couscous products. Casbahs products include couscous, pilaf, quinoa, hummus and falafel.

Europes Best, which makes frozen fruits and vegetables, went to Natures Touch Frozen Foods. Details of the transactions were not disclosed.

"These ... divestitures represent another important step in the execution of our transformational strategic plan by further simplifying the portfolio and organization and improving our margins and cash flow," said Mark Schiller, Hain Celestials president/CEO. "The transactions allow us to focus more resources against fewer, bigger opportunities which will drive our long term financial performance."

Schiller came on board In October 2018 to trim the company and return it to profitability.

E-newsletter

Subscribe to our e-newsletter for the latest food ingredients news and trends.

Tags

Recommended Products

Green Coffee Bean Extract

Green Coffee Bean Extract

Genlai Fructose—30KG

Genlai Fructose—30KG

Hiqh Pressure Homoqenizer

Hiqh Pressure Homoqenizer

Top

SJGLE B2B Website : 中文版 | ChineseCustomer Service: 86-400 610 1188-3 ( Mon-Fri 9: 00-18: 00 BJT)

About Us|Contact Us|Privacy Policy|Intellectual Property Statement

Copyright 2006-2023 Shanghai Sinoexpo Informa Markets International Exhibition Co Ltd (All Rights Reserved). ICP 05034851-121