Hain Celestial Expands into Premium Soup Offerings, Acquires Yorkshire Provender

3099697f-c351-439a-99a3-c0ec79e6da7darticleimage.jpg

17 Feb 2017 --- The Hain Celestial Group have announced that one of its wholly-owned subsidiaries has entered into a definitive agreement to purchase The Yorkshire Provender Limited, 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 and its products are sold in leading retailers, on-the-go food outlets and food service providers in the United Kingdom.

"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."

"We are excited to work together with the Yorkshire Provender team and leverage our combined infrastructures to drive future growth," said James Skidmore, Chief Executive Officer 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. "This is a significant milestone for Yorkshire Provender and we look forward to working with the Hain Daniels team to continue our growth in new and existing customers," said Belinda Williams.

In calendar year 2016 Yorkshire Provender had approximately £6 million ($7.4  million) in net sales and is expected to be accretive to Hain Celestial's earnings in fiscal year 2018.  

Related Articles

Business News

FiE 2017 Innovation Awards: Sustainability, Organic and Clean Label categories – the nominees

17 Nov 2017 --- One of the highlights at Fi Europe (November 28-30, Frankfurt, Germany) will be the announcement of the winners of the Innovation Awards. The competition not only rewards the most innovative products and concepts, it is also claimed to act as a trend barometer. The winners will be announced at an awards ceremony on Tuesday, November 28 at the FiE. 

Business News

Start-Up Innovation Challenge at FiE 2017 – the nominees (part 2)

14 Nov 2017 --- The Start-Up Innovation Challenge is aimed at the promotion of international innovative projects on ingredients, presented during Food Ingredients Europe, which will be held in Frankfurt, Germany, at the end of this month. Innovations include a whole raft of sustainable solutions, including one based on insect protein and a high-protein healthier ice cream creation. In the second part of our preview, we look at five more of the nominees. You can view the first part of the review here

Food Ingredients News

Kroner-Starke launches pre-gelatinized starch flakes for clean label foods

08 Nov 2017 --- German producer of natural wheat starches, Kröner-Stärke, has boosted its range of starch flakes to include a new instant porridge, pre-gelatinized wheat starch flakes, corn starch flakes, waxy maize starch flakes and whole flour starches for use in healthy clean-label food products. 

Food Ingredients News

Ingredion addresses the role tapioca plays in texture

06 Nov 2017 --- Earlier this year, Ingredion announced the launch of Homecraft Create multifunctional tapioca flours. The new range of ingredients emerges as a milestone in more than two decades of research dedicated to understanding the role tapioca can play in clean label applications.

Food Ingredients News

Palsgaard launches breakthrough palm-free, powdered cake emulsifier

26 Oct 2017 --- Palsgaard A/S has completed development of the world’s first palm-free, powdered emulsifier for industrial cakes. Palsgaard SA 6615 claims to solve the challenges faced by the industry in the quest to remove palm oil from cake recipes without damaging product quality.

More Articles