Hain Celestial Announces $342 Million Divestiture of Its Premium Rice Brand

By John Heerdink LinkedIn

Reportedly, The Hain Celestial Group, Inc. (Nasdaq: HAIN), a premium, organic and natural product company operating in Europe, North America, Asia, and the Middle East announced the strategic sale of its premium basmati rice brand, Tilda® to Ebro Foods S.A for a purchase price of $342 million in cash. Hain Celestial plans to use the funds to pay off its debts and is working on ways to distribute the remaining funds for the maximum benefit of its shareholders. Credit Suisse served as a financial advisor to Hain Celestial.

“We are pleased to complete the strategic sale of Tilda, which is consistent with our transformational plan to simplify our portfolio, strengthen our core capabilities and expand margins and cash flow,” stated Mark L. Schiller, Hain Celestial’s President, and Chief Executive Officer.

Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

Stay Informed! Stay Competitive!

Join us at Vista Partners! It’s FREE to receive email updates.

Aug23(10)

Hain Celestial Announces Strategic Sale of Tilda

LAKE SUCCESS, N.Y., Aug. 28, 2019 /PRNewswire/ — The Hain Celestial Group, Inc. (HAIN) (“Hain Celestial” or the “Company”), a leading organic and natural products company with operations in North America, Europe, Asia and the Middle East providing consumers with A Healthier Way of..

finance.yahoo.com

Read Full Article


YOUR GUIDE TO STAYING INFORMED IN THE MARKETS

Subscribe for FREE Email Updates & Access To EXCLUSIVE Research!

Connect with us