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Stock Market & Financial Investment News

News Breaks
February 21, 2013
10:48 EDTHAINHain Celestial mentioned cautiously by Seeking Alpha contributor
The contributor, Glaucus Research, who disclosed a short position in Hain Celestial (HAIN), claimed that a majority of the products providing Hain's internal growth are "beset by quality control issues and/or deceptive marketing practices." Reference Link
News For HAIN From The Last 14 Days
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March 4, 2015
14:46 EDTHAINHain Celestial acquires Empire Kosher Foods for $57.6M
Hain Celestial Group announced the acquisition of the remaining approximately 80% that it did not already own of EK Holdings and its wholly-owned subsidiary, Empire Kosher Poultry based in Mifflintown, Pennsylvania. The purchase price for the remaining approximately 80% of Empire was $57.6M, which includes net debt that was repaid at closing. In May 2010 Empire purchased Kosher Valley, the first brand of certified kosher antibiotic-free, vegetarian fed and humanely raised all natural branded chicken and turkey products, from Hain Pure Protein Corporation at which time HPPC received a 19% interest in Empire. Empire offers a full range of kosher antibiotic- and hormone-free chicken and turkey products including fresh tray pack, frozen, deli, fully cooked, gluten-free and organic products in the United States as well as the Kosher Valley brand sold exclusively in Whole Foods Market. Empire generated over $100M in net sales in calendar year 2014 and is expected to be accretive to Hain Celestial's earnings in fiscal year 2016.
10:01 EDTHAINOn The Fly: Analyst Initiation Summary
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06:04 EDTHAINHain Celestial initiated with an Outperform at Wedbush
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February 20, 2015
15:31 EDTHAINHain Celestial acquires health and beauty products maker Belvedere
Hain Celestial announced the acquisition of Belvedere International, a health and beauty care products maker. "We are excited by the acquisition of the Live Clean brand, which expands our presence in the personal care category and complements our Avalon Organics, Alba Botanica and JASON brands that we sell into Canada. This acquisition increases the scale of our Canadian operations to over $150M in net sales and provides us with opportunities for sales expansion and cost efficiencies as we leverage our existing infrastructure in Canada and our manufacturing and research and development expertise in personal care," said Hain CEO Irwin Simon. The Live Clean brand is the leading natural hair care and baby care brand in Canada. In calendar year 2014 Belvedere had approximately $25M in net sales and is expected to be accretive to Hain Celestial's earnings in fiscal year 2016.

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