Hain Celestial Completes Strategic Acquisition In The United Kingdom

Hain Celestial Completes Strategic Acquisition In The United Kingdom PR Newswire MELVILLE, New York, Oct. 29, 2012 - Acquires Market-Leading Brands Including Hartley's® And Sun-Pat® - Provides Entry Into Ambient Grocery Categories - $ 0 . 2 5 Per Share Accretion Expected In Fiscal Year 2013 MELVILLE, New York, Oct. 29, 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 the closing of the acquisition of 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—along with its Histon manufacturing base in Cambridgeshire, United Kingdom. http://photos.prnewswire.com/prnh/20121002/NY84931LOGO The acquisition is expected to be accretive to Hain Celestial's earnings beginning with the second quarter of fiscal year 2013. The Company estimates that net sales during the eight month period from closing to June 30, 2013 will approximate $180 million with accretion in earnings per diluted share during that period approximating $0.25 before acquisition related charges. Consideration consisted of £170 million in cash and 836,426 shares of Hain Celestial common stock.