The Hain Celestial Group, Inc. (Nasdaq: HAIN), a leading natural and organic food and personal care products company, has completed the acquisition of the poultry processing facility assets of College Hill Poultry of Fredericksburg, PA. It was acquired through Hain Pure Protein Corporation, which is a joint venture with Pegasus Capital Advisors, LP, a private equity firm. Hain Celestial will control 50.1% of the joint venture.
College Hill Poultry’s Raised Right(TM) brand of natural and organic, free range chicken are raised on family farms and grain-fed without anti-biotics or animal by-products. The company will be led by Joseph A. DePippo, an industry veteran, as President of Hain Pure Protein Corporation.
The Hain Celestial Group (NASDAQ: HAIN – News), headquartered in Melville, NY, is a leading natural and organic beverage, snack, specialty food and personal care products company in North America and Europe. Hain Celestial participates in almost all natural food categories with well-known brands that include Celestial Seasonings, Terra Chips, Garden of Eatin’, Health Valley, WestSoy, Earth’s Best, Arrowhead Mills, Hain Pure Foods, Hollywood, Walnut Acres Organic, Imagine Foods, Rice Dream, Soy Dream, Rosetto, Ethnic Gourmet, Yves Veggie Cuisine, Lima, Biomarch, Grains Noirs, Natumi, JASON and Zia Natural Skincare.
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