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Hain Celestial Group

The Hain Celestial Group, Inc. is an international food and personal-care company based in the United States. Its products include natural foods and organic personal-care items. Founded in 1993 as Hain Food Group, it changed its name to Hain Celestial Group after merging with Celestial Seasonings in 2000. It is publicly traded on the NASDAQ with brands that include Ella's Kitchen, Frank Cooper's, and Linda McCartney Foods.

History

Hain Celestial Group was founded by Irwin D. Simon in 1993.[7] It was originally called Hain Food Group when founded, making acquisitions of other companies that included Barricini Foods and Kineret. It went public on the NASDAQ in 1993.[8]

The H. J. Heinz Company acquired 19.5% of the company in September 1999,[9] subsequently divested its holdings in the company in 2005.[10] Hain purchased Celestial Seasonings in 2000 for a deal valued at approximately $390 million.[11] It subsequently changed its name to Hain Celestial Group.[8] In 2002, it restated prior years promotional allowances and other sales incentives of $16.8 million.[12]

By 2012, Hain was the world's largest natural food company with $1.4 billion in revenue.[8] By 2013, it owned approximately 50 brands and offered 5,000 products internationally.[13] The same year, it was one of 25 companies named in a class action lawsuit alleging false labeling of its personal care products under California law.[14][15][16][17] It settled the lawsuit in 2015, paying $7.5 million in compensation with an additional $2.4 million worth of coupons to consumers.[18][19][20]

In 2015 the company acquired the non-dairy company Mona Naturprodukte GmbH with its brand Joya.[21] In June 2018, Hain Celestial announced that CEO Irwin Simon would step down.[22] He was replaced by Mark Schiller who became the company's president and CEO until January 2023 when he was replaced by Wendy Davidson.[23] The company moved its headquarters to Hoboken, New Jersey in 2023.[6]

Products

Hain Celestial Group sells natural and organic foods as well as personal-care brands[24] through retailers such as Whole Foods, Costco, Wal-Mart, and other mass-market grocery stores.[13] Its food brands have included Celestial Seasonings, Terra vegetable chips, Earth's Best, Garden Veggie Snacks, ParmCrisps, and Thinster snacks.[25]

List of brands

See also

External links

References

  1. Christopher Doering. Hain Celestial names seasoned CPG exec as new CEO Food Drive, 28 November 2022, retrieved 13 November 2023^
  2. Hain Celestial Closes on Sensible Portions(R) Brand Acquisition Hain Celestial Group, retrieved September 15, 2019^
  3. Brands you can believe in Hain Celestial, retrieved 13 November 2023^
  4. Our Business Hain Daniels, retrieved April 24, 2017^
  5. Management Hain Celestial, retrieved 9 January 2024^
  6. Kimberly Redmond. Organic products giant Hain Celestial relocating HQ to NJ NJ Biz, 4 August 2023, retrieved 9 January 2024^
  7. Gretchen Morgenson. Bloated Pay Came Before Hain Celestial's Error The New York Times, 19 August 2016, retrieved 24 December 2023^
  8. Clare O'Connor. Juiced Up: Inside $3.5 Billion Organic Giant Hain Celestial, Whole Foods' Biggest Supplier Forbes, 24 July 2013, retrieved 24 December 2023^
  9. Heinz to Purchase Additional Equity in Hain Celestial to Restore Investment Level to 19.5 Percent^
  10. Philip H Howard. Organic Industry Structure Media-N: Journal of the New Media Caucus, Winter 2009, retrieved 2012-01-02^
  11. Hain Food to Buy Celestial Seasonings The New York Times, 7 March 2000, retrieved 24 December 2023^
  12. The Hain Celestial Group Reports Third Quarter Results.^
  13. Gordon Pitts. Hain Celestial's Irwin Simon: An insatiable appetite for organic foods The Globe and Mail, 26 July 2013, retrieved 9 January 2024^
  14. Organic Product Lawsuit: Center for Environmental Health Sues Dozens Joanna Lin, The Huffington Post California, June 20, 2011, retrieved November 14, 2014^
  15. Von Slomski v. The Hain Celestial Group truthinadvertising.org^
  16. Hain Celestial Buyers Seek Class Cert. On 'Organic' Claims Beth Winegarner, Law360, November 6, 2014, retrieved November 14, 2014^
  17. Hain Mini-Waffles 'Natural' Label Could Mislead, Judge Says Beth Winegarner, Law360, September 17, 2014, retrieved November 14, 2014^
  18. Hain Celestial settles mislabeling lawsuit for nearly $10 million Aisha Al-Muslim, Newsday^
  19. $9.4M Settlement Reached in Hain Organic Consumer Fraud Class Action Lawsuit BigClassAction.com, 24 September 2015^
  20. Hain Celestial Inks $9.4M Deal To End Organic Labeling Suit Kali Hays, Law 360^
  21. US-Konzern Hain Celestial übernimmt Mona-Gruppe 25 July 2015^
  22. Lauren Hirsch. Irwin Simon, one of the food industry's longest-tenured CEOs, to step down at Hain Celestial CNBC, 2018-06-25, retrieved 2018-06-27^
  23. Simon Harvey. Hain Celestial CEO Mark Schiller steps aside for food veteran Wendy Davidson JustFood, 28 November 2022, retrieved 9 January 2024^
  24. Behind the Brand Hain Celestial Group The Seattle Times, 16 December 2007, retrieved 9 January 2024^
  25. Briana Bonfiglio. Global, Long Island-based Hain Celestial Sells Healthy Snacks, Tea, and More Long Island Press, 14 March 2022, retrieved 9 January 2024^
  26. Snacking growth: Hain Celestial acquires That's How We Roll, Agthia Group completes BMB Group purchase^