But, it also came up with 24 new products to market. New Hyde Park (HQ), NY. Our Acquisition Timeline. Lima® During the mid-1990s, Celestial Seasonings controlled an estimated 51 percent of the herb tea market. Hain Celestial participates in many natural categories with well-known brands. Sun-Pat® The proceeds of about $21 million were used to pay down debt, which was $16.6 million in mid-1998. The venture did so well that, by the end of 1999, Hain had purchased the trademarks for the product line and secured the option to grow the product line itself. Competitors of Hain Celestial include Goli Nutrition, Pop! 1999. "People always ask me, 'Doesn't Quaker frighten you?'" Simon was named 1997 Entrepreneur of the Year by Ernst & Young; he was also named one of Business Week's Best Entrepreneurs of the Year. Hollywood® Location of similar companies. In large part because of the Westbrae acquisition, net sales rose to $104.3 million in fiscal 1998. In late 1995 Hain Food Group purchased Estee Corp., a deficit-ridden producer of sugar-free and low-sodium products for persons on medically directed diets, including diabetics, and other health-conscious consumers, for $11.3 million. It bought Netherlands-based Fruit Chips, maker of Gaston's fruit, vegetable, and potato chips, and then changed its name to Terra Chips to grow the Terra brand in Europe. Hain Celestial has an office in New Hyde Park. The small but promising natural food company was bought and sold through many larger companies throughout the 1980s and into the early 1990s before it could develop and grow significantly. Health Valley® Hain Pure Foods® Executives: Chrmn: Dean Hollis; Pres/CEO: Mark Schiller; EVP & CFO: Javier Idrovo; SVP & General Counsel: Kristy Rogan Meringolo; Chief Commercial Offr: Chris Boever; Chief Supply Chain Offr: Jerry Wolfe; Chief Transformation Offr: David Karch; SVP-Tech Services: Raul Fajardo; SVP-R&D: Jeff … All Hain Celestial Locations. Avalon Organics® MaraNatha® H.J. These firms were Arrowhead Mills Inc., DeBoles Nutritional Foods Inc., Dana Alexander Inc., and Garden of Eatin' Inc. The buyer, in April 1994, was Kineret Acquisition Corp., a specialty foods company based in Jericho, New York, that paid $22 million in cash and stock for the operation. Joya® Simon held 10.7 percent of the shares. During fiscal 1996, the company had revenues of $68.6 million and earnings of $2.1 million, and it upped the number of its food products to 250. 1999. The company grew well beyond its humble beverage beginnings to become one of North America's oldest and most prominent natural food businesses, known for selling a range of foods that are minimally processed, mostly or completely free of artificial ingredients, preservatives, and other non-naturally-occurring chemicals, and are near to their whole natural state as possible. That same year, Heinz moved to tap into the growing natural foods market, by making a $100 million investment in Hain, which represented a 19.5 percent stake. These products were described on their labels as "herbal supplements," rather than soup, probably because dietary supplements were subject to less government regulation than were foods. Soy Dream® Following the transaction, Hain's product line reached 1,000 SKUs spanning 13 brand lines. 1999. 1999. Cully & Sully® The acquisition was completed in July 1998. Under the five-year agreement, Weight Watchers would receive royalties and a share of the profits. Heinz owns nearly 20 percent of the company. During this fruitful time with Heinz, Hain continued to make strategic acquisitions and join company with yet another food giant: In December, 1998, Hain bought Nile Spice soup and meal cup from The Quaker Oats Company, and, in May 1999, Hain acquired NNG (Natural Nutrition Group, Inc.), an organic food manufacturer that marketed its products under the Health Valley, Breadshop's and Sahara brands. In 2001, Hain Celestial sought to grow its international markets by engaging in key acquisitions and ventures, to help grow its brand presence and distributions channels abroad. Celestial Seasonings® We are committed to growing sustainably while continuing to implement environmentally sound business practices and manufacturing processes. Where are Hain Celestial offices? Flourishing Under Strong Leadership: 1994–97, The Hain acquisition "made us a major player in the natural-food industry," Simon said. Almond Dream® Danival® Accordingly, Hain, in the latter half of 1998, introduced Chicken Broth and Noodles with Echinacea, Country Vegetable with Echinacea, Creamy Split Pea with St. John's Wort, and Chunky Tomato with St. John's Wort. Although Quaker Oats dominated this market, Simon did not let the food giant faze him. In addition to its Hain and Westbrae lines of natural food products, Hain Food Group's products, in mid-1998, consisted of the Hollywood Foods line, the Estee and Featherweight lines of sugar-free and low-sodium products, kosher frozen foods under the Kineret and Kosherific labels, the licensed Weight Watchers products, and about 40 snack food items under the Boston Popcorn and Harry's Original names. he told a Forbes reporter in 1996. Hain Pure Food Company was founded in 1926 in Stockton, California, by Harold Hain, who was originally interested in marketing carrot juice. By the time of the acquisition by Hain, Celestial Seasonings had reached $109.8 million in revenue for 1999. Pet sold Hain in 1993 to focus on its core businesses. 1999. Gale’s®, Garden of Eatin’® Simon moved his company to Uniondale in August 1994 and changed its name to Hain Food Group four months later. Principal Competitors:The B. Manischewitz Company; Bestfoods; Campbell Soup; ConAgra Foods; Frito-Lay; Galaxy Nutritional Foods; Gardenburger; General Mills; Guiltless Gourmet; Kellogg; Kraft Foods; Nestlé; Proctor & Gamble; Quaker Oats; Tofutti Brands. Westbrae's leading product was soy milk. That year, the company marketed 71 new products. Simon repackaged the line in brightly colored, resealable cardboard cartons, introduced rice cake snack bars, and marketed Mini Munchies, a new line of bite-size rice cakes in several flavors, including "strawberry cheesecake." The purchase allowed Hain to strengthen its presence in natural food stores, where Westbrae averaged 250 to 300 stockkeeping units (SKUs). Formerly the Hain Food Group, the Uniondale, New York-based company changed its name to The Hain Celestial Group when it acquired Celestial Seasonings in 2000. At long last, Hain's latest parent company would prove to be loyal, under the steady leadership of Irwin Simon, a former career executive in the food industry whose mission was to buy specialty food companies that were mismanaged or not realizing their potential, including those selling natural, low-fat, or ethnic foods. Dream™ In the past, our commitment to this recipe resulted in achievements of which we are very proud. Westbrae Natural® Hain Celestial could take advantage of the Canadian company's extensive and established infrastructure, sales force, and distribution network. Linda McCartney® This transaction made Hain, according to one of its executives, the nation's leading marketer of foods sold to dieters and other consumers with special medical needs. Frank Cooper’s® ... We see the market (for better-for-you foods) growing drastically." The Greek Gods® 1111 Marcus Ave., Lake Success, New York 11042. How many offices does Hain Celestial have?
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