LAKE SUCCESS, N.Y., Sept. 23, 2016 /PRNewswire/ -- The Hain
Celestial Group, Inc. (Nasdaq: HAIN), a leading organic and natural products company with operations in North America, Europe and India providing
consumers with A Healthier Way of Life™, today announced the acceptance by the Competition and Markets Authority ("CMA") of Hain
Celestial's undertaking to sell its own-label freshly squeezed fruit juice business including the related Headcorn facility and
the approved sale of the business to Multiple Marketing Ltd. The own-label juice business generated approximately £20
million in net sales for year ended June 30, 2016.
"We are excited to receive the acceptance of our undertaking to sell our own-label freshly squeezed fruit juice business from
the CMA. Under Hain Celestial United Kingdom we look to expand our presence in the on-trend fresh category with prepared
fruit, drinks and desserts under the leadership of James Skidmore, Chief Executive Officer," said
Irwin D. Simon, Founder, President and Chief Executive Officer of Hain Celestial. "With the
completion of the CMA review, we expect to deliver sales and operating efficiencies with the integration of Orchard House into
Hain Celestial United Kingdom and seek new product development in cold pressed juice and branded fruit product offerings in the
United Kingdom and Continental Europe."
On December 22, 2015, Hain Celestial announced the acquisition by Hain Celestial United Kingdom,
through one of its wholly-owned subsidiaries, of Orchard House Foods Limited ("Orchard House"), a leader in prepared
fruit, juices, fruit desserts and ingredients with facilities in Corby and Gateshead in the United Kingdom. On
May 17, 2016, the CMA announced that the acquisition gave rise to a loss of competition and would
be referred to a more in-depth review unless an acceptable undertaking was offered to address the concern.
The Hain Celestial Group, Inc.
The Hain Celestial Group (Nasdaq: HAIN), headquartered in Lake Success, NY, is a
leading organic and natural products company with operations in North America, Europe and India. Hain Celestial participates in many natural categories with well-known brands that
include Celestial Seasonings®, Earth's Best®, Ella's Kitchen®, Terra®, Garden of Eatin'®, Sensible Portions®, Health Valley®,
Arrowhead Mills®, MaraNatha®, SunSpire®, DeBoles®, Casbah®, Rudi's Organic Bakery®, Hain Pure Foods®, Spectrum®, Spectrum
Essentials®, Imagine®, Almond Dream®, Rice Dream®, Soy Dream®, WestSoy®, The Greek Gods®, BluePrint®, FreeBird®, Plainville
Farms®, Empire®, Kosher Valley®, Yves Veggie Cuisine®, Europe's Best®, Cully & Sully®, New
Covent Garden Soup Co.®, Johnson's Juice Co.®, Farmhouse Fare®, Hartley's®, Sun-Pat®, Gale's®, Robertson's®, Frank Cooper's®, Linda McCartney®, Lima®, Danival®, Happy®, Joya®, Natumi®, GG UniqueFiber®, Tilda®, JASON®,
Avalon Organics®, Alba Botanica®, Live Clean® and Queen Helene®. Hain Celestial has been providing A Healthier Way of Life™
since 1993. For more information, visit www.hain.com.
Safe Harbor Statement
Certain statements contained in this press release constitute "forward-looking statements" within the meaning of the
Private Securities Litigation Reform Act of 1995. Forward-looking statements are predictions based on expectations and
projections about future events, and are not statements of historical fact. You can identify forward-looking statements by the
use of forward-looking terminology such as "plan", "continue", "expect", "anticipate", "intend", "predict", "project",
"estimate", "likely", "believe", "might", "seek", "may", "remain", "potential", "can", "should", "could", "future" and similar
expressions, or the negative of those expressions. These forward-looking statements include the Company's beliefs or expectations
relating to (i) product offerings and development; (ii) sales and operating efficiencies; and (iii) growth and distribution
opportunities. Such forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause
the actual results, levels of activity, performance or achievements of the Company, or industry results, to be materially
different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking
statements. Such factors include, among others, general economic and financial market conditions; competition; our ability to
respond to changes and trends in customer and consumer demand, preferences and consumption; our reliance on third party
distributors, manufacturers and suppliers; the consolidation or loss of a significant customer; our ability to introduce new
products and improve existing products; availability and retention of key personnel; our ability to effectively integrate our
acquisitions; our ability to successfully consummate any proposed divestitures; liabilities arising from potential product
recalls, market withdrawals or product liability claims; outbreaks of diseases or food-borne illnesses; potential litigation; the
availability of organic and natural ingredients; our ability to manage our supply chain effectively; changes in fuel, raw
material and commodity costs; effects of climate change on our business and operations; our ability to offset input cost
increases; the interruption, disruption or loss of operations at one or more of our manufacturing facilities; the loss of one or
more of our independent co-packers; the disruption of our transportation systems; risks associated with expansion into countries
in which we have no prior operating experience; risks associated with our international sales and operations, including foreign
currency risks; impairment in the carrying value of our goodwill or other intangible assets; our ability to use our trademarks;
reputational damage; changes in, or the failure to comply with, government laws and regulations; liabilities or claims with
respect to environmental matters; our reliance on independent certification for our products; a breach of security measures; our
reliance on our information technology systems; effects of general global capital and credit market issues on our liquidity and
cost of borrowing; potential liabilities not covered by insurance; the ability of joint venture investments to successfully
execute business plans; dilution in the value of our common shares; and the other risks detailed from time-to-time in the
Company's reports filed with the Securities and Exchange Commission, including the annual report on Form 10-K for the fiscal year
ended June 30, 2015. As a result of the foregoing and other factors, no assurance can be given as
to the future results, levels of activity and achievements of the Company, and neither the Company nor any person assumes
responsibility for the accuracy and completeness of these statements.
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SOURCE The Hain Celestial Group, Inc.