Hain Celestial acquires business and assets of Para Laboratories
The transaction is expected to be accretive to Hain Celestial's earnings during its fiscal year 2007.
06/03/06 The Hain Celestial Group, Inc. has announced the acquisition of the business and assets of Para Laboratories, Inc. including the Queen Helene®, Batherapy® and Footherapy® brands. A respected leader in quality health and beauty products for professional and personal use since 1930, Para Labs offers skin care, hair care and body care products through drug stores, supermarkets and mass retailers. Para Labs' product line complements Hain Celestial's Jason® natural and organic oral, body and hair care, Zia® premium skin care and Earth's Best® baby body care in the fast-growing natural health and personal care products category.
In its last fiscal year, Para Laboratories sales totaled approximately $20 million. The terms of the acquisition, which closed on March 3, 2006, were not disclosed. The transaction is expected to be accretive to Hain Celestial's earnings during its fiscal year 2007.
Hain Celestial has built a substantial presence in personal care to complement its leading presence in natural and organic foods. Hain Celestial is committed to creating and promoting A Healthy Way of Life(TM).
The Hain Celestial Group, headquartered in Melville, NY, is a leading natural and organic food and personal care products company in North America and Europe. Hain Celestial participates in almost all natural food categories with well-known brands that include Celestial Seasonings®, Terra Chips®, Garden of Eatin'®, Health Valley®, WestSoy®, Earth's Best®, Arrowhead Mills®, Estee®, DeBoles®, Hain Pure Foods®, Raised Right(TM), Hollywood®, Spectrum Naturals®, Spectrum Essentials®, Walnut Acres Organic(TM), Imagine Foods®, Rice Dream®, Soy Dream®, Rosetto®, Ethnic Gourmet®, Yves Veggie Cuisine®, Lima®, Biomarche(TM), Grains Noirs®, Natumi®, JASON® and Zia® Natural Skincare.
