Hain Celestial Group acquires Yorkshire Provender
The Hain Celestial Group, an organic and natural products company, has announced that one of its wholly-owned subsidiaries has entered into a definitive agreement to purchase Yorkshire Provender, which is subject to formal clearance from the Competition and Markets Authority in the United Kingdom.
The Hain Celestial Group, an organic and natural products company, has announced that one of its wholly-owned subsidiaries has entered into a definitive agreement to purchase Yorkshire Provender, which is subject to formal clearance from the Competition and Markets Authority in the United Kingdom. Yorkshire Provender, founded in 2007, is based in North Yorkshire, England, and produces premium branded soup. Its products are sold in leading retailers, on-the-go food outlets, and foodservice providers in the United Kingdom.
“We are excited to work together with the Yorkshire Provender team and leverage our combined infrastructures to drive future growth,” said James Skidmore, CEO of the Hain Daniels Group. “This transaction expands the depth of our soup offering with Yorkshire Provender’s gluten-free, delicious premium recipes and flavors.”
Yorkshire Provender will continue to operate from its Yorkshire location. In calendar year 2016, Yorkshire Provender had approximately £6 million in net sales and is expected to be accretive to Hain Celestial’s earnings in fiscal year 2018.