Hain Celestial announces alliance with Yeo Hiap Seng
To pursue joint interests in food marketing and product development.
05/08/05 The Hain Celestial Group, Inc., a leading natural and organic food and personal care products company, has announced the signing of investment agreements between Hain Celestial and Yeo Hiap Seng Limited and its subsidiary ("YHS"), a Singapore-based natural food and beverage company listed on the Singapore Stock Exchange, and their intention to pursue joint interests in food marketing and product development. Under the terms of the agreement, each company will make an equity investment in the shares of the other company.
Hain Celestial and YHS intend to jointly pursue opportunities in research and development in areas of food and nutrition, marketing, branding and the expansion of distribution channels and geographical markets as well as cross- selling, spanning Asia including Singapore, Malaysia, Hong Kong and China and in the United States, Canada and Europe.
