The Hain Celestial Group, Inc. (Nasdaq: HAIN), a leading natural and organic food and personal care products company, today announced the signing of investment agreements between Hain Celestial and Yeo Hiap Seng Limited and its subsidiary (“YHS”), a Singapore-based natural food and beverage company listed on the Singapore Stock Exchange, and their intention to pursue joint interests in food marketing and product development. Under the terms of the agreement, each company will make an equity investment in the shares of the other company.
Hain Celestial and YHS intend to jointly pursue opportunities in research and development in areas of food and nutrition, marketing, branding and the expansion of distribution channels and geographical markets as well as cross- selling, spanning Asia including Singapore, Malaysia, Hong Kong and China and in the United States, Canada and Europe.
“Building on the infrastructure of YHS and the Yeo’s brand of products, we see a tremendous opportunity for Hain Celestial to source our products in Asia and to bring our natural and organic products into the Asian market,” said Irwin D. Simon, President and Chief Executive Officer of Hain Celestial. “Additionally, we are excited to work with YHS to expand the Yeo’s brand of beverages and food products in our markets as part of the alliance.”
The Hain Celestial Group, Inc. (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.
Yeo Hiap Seng Limited (YHS), with a history dating back to 1900, is a leading food and beverage manufacturer and distributor of 30 beverages and a range of Asian food products and sauces under its Yeo’s brand. A household name in Singapore and Malaysia, YHS distributes its in-house and external brands to several global markets including China, Australia, Europe and North America.
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