Content area
Full Text
These days, the Hain Celestial Group is recognized as a company that offers a lot more than tea and a bag of chips.
Following the January acquisition of Alba Botanica and Avalon Organics from North Castle Partners, Hain Celestial beefed up its natural care brand portfolio - which includes Zia Natural Skincare, Jason and Queen Helene - to become a bona fide player in the category. The $120 million deal brought Hain Celestial two brands that make skin care, hair care, bath and body, and sun care products, which generated combined sales of over $40 million in the most recent fiscal year.
"Our goal is to become one of the largest natural organic personal care companies. Between the international and domestic markets, we'd like to double the size of [our] business coming from organic growth in Europe and Asia over the next two to three years," said Irwin Simon, Hain Celestial Group's president and chief executive officer. Hain Celestial, based in Melville, N.Y., is a publicly traded firm with approximately $739 million in net sales for the year ended June 30, 2006, most of which came from sales of food and beverage - Terra Chips, Earth's Best and...