Hain Celestial Gets its Daily Bread

MELVILLE, N.Y.—The Hain Celestial Group, Inc. (NASDAQ:HAIN) has acquired Daily Bread, Ltd., a London-based producer of branded fresh prepared foods for the foodservice channel in the United Kingdom. The purchase strengthens Hain's existing prepared foods operation with a branded fresh platform, primarily serving the U.K. market. It also brings the company a Royal Customer—Daily Bread is an accredited supplier to Buckingham Palace, and since 2003, Daily Bread has held a Royal Warrant, by Appointment to Her Majesty the Queen. Daily Bread generated approximately 12 million pounds Sterling ($24 million USD) in continuing sales in its last fiscal year. Terms of the acquisition, which closed April 1, were not disclosed.

Irwin Simon, president and CEO of Hain, said: "We're pleased to be joined by Timothy J. Roupell, founder of Daily Bread over 20 years ago, as Executive Director- Daily Bread, who will report to David Arrow, Managing Director-Hain Celestial UK. Tim will further the efforts of Hain Celestial UK's team in delivering a broad-based fresh prepared foods offering to capitalize on the growth opportunities that exist in this category