Hain Celestial Announces Strategic Acquisition In The United Kingdom

Hain Celestial Announces Strategic Acquisition In The United Kingdom PR Newswire MELVILLE, New York, Aug. 22, 2012 - Agrees to Purchase MARKET-Leading Brands Including Hartley's® and Sun-Pat® with Over $250 Million in Sales from Premier Foods plc - Provides Entry Into Ambient Grocery Categories - $0.25 Per Share Accretive in Fiscal Year 2013 - Completes Sale of Private Label Chilled Ready Meals - Enters into Letter of Intent to Sell Daily Bread™ Brand MELVILLE, New York, Aug. 22, 2012 /PRNewswire/ -- The Hain Celestial Group, Inc. (NASDAQ: HAIN), a leading natural and organic products company providing consumers with A Healthy Way of Life™, today announced that Hain Daniels Group had entered into an agreement to acquire Premier Foods plc's portfolio of market-leading packaged grocery brands including Hartley's®, Sun-Pat®, Gale's® Robertson's®, and Frank Cooper's® — with peanut butter, honey, jams, fruit and jelly, marmalade, and chocolate product offerings — including its Histon manufacturing base in Cambridgeshire, UK. The purchase, which is subject to approval by Premier Foods shareholders and consent from its banking syndicate, is expected to close by the end of October 2012. The acquisition is expected to be accretive to Hain Celestial's earnings upon closing. Hain Daniels Group, wholly owned by Hain Celestial, was established in October 2011 following the acquisition of The Daniels Group.