The Hain Celestial Group, Inc. has completed divestitures of the Casbah and Europe’s Best brands to U.S. Durum and Nature’s Touch Frozen Foods, respectively. Details of the transactions were not disclosed.
“These two Canadian strategic brand divestitures represent another important step in the execution of our transformational strategic plan by further simplifying the portfolio and organization and improving our margins and cash flow,” said Mark L. Schiller, Hain Celestial’s president and chief executive officer, in a statement. “The transactions allow us to focus more resources against fewer, bigger opportunities which will drive our long term financial performance.”
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from Specialty Food News https://ift.tt/2UmCBep
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