28 Aug 2019 --- Organic and natural products company, The Hain Celestial Group, Inc., has completed the strategic sale of Tilda, a premium basmati and specialty rice brand, to Ebro Foods SA for a purchase price of US$342 million in cash. Hain Celestial’s offloading of the rice brand to the Spanish food processor is part of the company’s transformation plan to simplify its portfolio, strengthen its core capabilities and expand margins and cash flow – and the company underscores that this divestiture reduces Hain Celestial’s exposure to the potential marketplace disruptions caused by Brexit.
