Hain Celestial to acquire premium soup company
Feb. 16, 2017
by Rebekah Schouten
The Yorkshire Provender Ltd. produces premium branded soup in the United Kingdom.
LAKE SUCCESS, N.Y. — The Hain Celestial Group, Inc. has entered into a definitive agreement to purchase The Yorkshire Provender Ltd., a producer of premium branded soup in the United Kingdom. Financial terms of the transaction, which is subject to formal clearance from the Competition and Markets Authority in the United Kingdom, were not disclosed.
Founded in 2007, Yorkshire Provender’s products are sold in retailers, on-the-go food outlets and food service providers throughout the United Kingdom. The company will continue to operate from its Yorkshire location. In 2016, Yorkshire Provender had approximately £6 million (approximately $7.5 million) in net sales and is expected to be accretive to Hain Celestial’s earnings in fiscal year 2018.
“We welcome Belinda and Terry Williams, co-founders of Yorkshire Provender, to the Hain Celestial family and look forward to working with the Yorkshire Provender team in leading the next chapter of the brand's development,” said Irwin D. Simon, founder, president and chief executive officer of Hain Celestial. “Yorkshire Provender has a premium brand positioning that complements our New Covent Garden Soup Co. and Cully & Sully brands in the United Kingdom.”
|Irwin D. Simon, founder, president and c.e.o. of Hain Celestial